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Xantrex in talks to be acquired
Posted on July 23, 2008
Xantrex shares shot up 23 per cent this morning -- reaching their highest point since 2004, the year it went public -- after the company put out a vague press release announcing it is in exclusive negotiations with respect to the sale of the company. It warned that the negotiations might not be successful.This isn't surprising. Xantrex was always a success story that investors didn't fully appreciate. The company, after going through some rough times in 2005 and 2006, has been on fire selling its power electronics and inverter products to the solar and wind sectors. Just recently it inked a ...
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