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Strategies & Market Trends : Speculating in Takeover Targets

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From: E_K_S	6/28/2019 12:08:56 PM
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Cummins to acquire Hydrogenics for $15/share in cash Jun. 28, 2019 11:38 AM ET\|About: Cummins Inc. (CMI)\|By: Niloofer Shaikh, SA News Editor Cummins ( CMI +0.4%) has agreed to acquire, through a wholly-owned subsidiary, all the outstanding shares of fuel cell systems provider Hydrogenics Corporation ( HYGS -3.9%) for $15/share in cash, representing an enterprise value of ~$290M. The closing of the acquisition is subject to regulatory approvals in Canada. The Hydrogen Company, which is also Hydrogenics’ current largest equity shareholder, will maintain its ownership in Hydrogenics. The transaction is expected to close in 3Q19. ------------------------------------------------------- Speculation is that next generation EV Truck/Cars will use some hybrid fuel cell technology over batteries. Not sure if hydrogen or propane to power the fuel cell is the solution. Something other than the current battery.

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