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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.19-0.7%Dec 2 4:00 PM EST
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To: Snowshoe who wrote (40159)9/20/2008 6:18:27 PM
From: TobagoJack   of 218145
 
just in in-tray, regarding solar

Further news about Lehman Brothers crisis affect to PV industry:



1. JA Solar: In connection with the senior note offering, JA Solar lent 6.56 million stock shares each to Lehman Europe and CS, under the lending agreement with Lehman Europe, the shares must be returned to the company no later than May 15, 2013. At this time, JA Solar is unaware of the intentions of Lehman Europe with respect to the return of the 6.56 million shares. JA Solar CFO Dai Lui said, at this point, JA Solar do not foresee that these financial transactions with Lehman Brothers will impact 2008 and 2009 outlook



2. SunPower: SunPower noted that it sold $200 million in convertible debentures in February 2007 in a deal underwritten by Lehman; in connection with the offering the company lent 2.9 million shares to a Lehman subsidiary for hedging purposes



3. Evergreen: Evergreen issues $373.75 million of convertible notes. In connection with the deal, the company loaned 31 million shares to Lehman Brothers International ( Europe ) for hedging transactions



It is not clear what these lent shares will be, any further news, I will keep you update.

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