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Synex Renewable Energy Corporation
(MENAFN- Baystreet) 10:42 AM EST - Synex Renewable Energy Corporation : Has entered into a definitive arrangement agreement dated March 27, with Sitka Power Inc., whereby the Purchaser has agreed to acquire 100% of the issued and outstanding common shares of the Company. Under the terms of the Arrangement Agreement, holders of Company Shares will receive $2.40 in cash per Company Share on completion of the Transaction, implying an enterprise value of approximately $25.2 million. Synex Renewable Energy Corporation
shares T are trading up $0.76 at $2.28.
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