Solar Integrated Holders Approve Proposed Merger With ECD
August 19 2009 - 7:05AM
Dow Jones News
Solar Integrated Technologies (SIT.LN), a provider of building
integrated photovoltaic roofing systems, said Wednesday that
stockholders approved the company's proposed merger with Energy
Conversion Devices (ENER.NASDAQ) or ECD, a global manufacturer of
thin-film flexible solar laminate products for the building
integrated and commercial rooftop markets.
MAIN FACTS:
-The merger transaction is expected to become effective as early
as later Wednesday.
-On the effective date of the merger transaction, the company's
common shares will be cancelled and automatically converted into a
non-tradable right to receive the Merger Consideration and the
company will become a subsidiary of ECD.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com