Maxwell Technologies Inc shares valued at $4.75 in exchange offer. NEWS PROVIDED BY Maxwell Technologies, Inc., Feb 04, 2019, 08:30 ET
SAN DIEGO, Feb. 4, 2019 /PRNewswire/ –Firstly, Maxwell Technologies, Inc. (Nasdaq:MXWL or “Maxwell”) is a leading developer and manufacturer of energy solutions. They announced a definitive merger agreement to be acquired by Tesla, Inc. (Nasdaq: TSLA or “Tesla”). Tesla will begin an all stock exchange offer for all the issued and outstanding shares of the Company (the “Offer”). Therefore and after which the Maxwell will be merging with a Tesla subsidiary. Finally and once merged with the subsidiary will then become a wholly owned subsidiary of Tesla.
What Does Maxwell Technologies Get Tesla?
Firstly, Maxwell Technologies INC is a global leader. A leader in the development and manufacturing of creative, cost-effective energy and power delivery solutions.
They have developed and transformed patented, proprietary and fundamental dry electrode manufacturing technology. Most importantly one that they have been using to make ultra capacitors. Thereby an ultracapacitor is a breakthrough technology. One that can be applied to the manufacturing of batteries.
Bottom line, their ultra capacitor products provide safe and reliable power solutions. Solutions for applications in consumer and industrial electronics, transportation, renewable energy and information technology.