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Sevcon Inc (SEV.OQ)

SEV.OQ on NASDAQ Stock Exchange Capital Market

21.76USD
21 Jul 2017
Change (% chg)

$-0.05 (-0.23%)
Prev Close
$21.81
Open
$21.80
Day's High
$21.93
Day's Low
$21.76
Volume
4,414
Avg. Vol
5,755
52-wk High
$22.07
52-wk Low
$8.10

Latest Key Developments (Source: Significant Developments)

Sevcon and Borgwarner provide update on merger agreement termination fee
Monday, 17 Jul 2017 07:50am EDT 

July 17 (Reuters) - Borgwarner Inc ::Sevcon Inc , Borgwarner updates on merger agreement termination fee - sec filing.Sevcon Inc, Borgwarner termination fee is $1.6 million if it becomes payable in connection with a superior proposal.Sevcon Inc, Borgwarner reverse termination fee set at $4.8 million.  Full Article

BorgWarner enters agreement to acquire Sevcon
Monday, 17 Jul 2017 07:30am EDT 

July 17 (Reuters) - BorgWarner Inc ::BorgWarner enters into agreement to acquire Sevcon.Expected enterprise value of transaction at closing is approximately $200 million​.  Full Article

Sevcon signs definitive agreement to be acquired by BorgWarner
Monday, 17 Jul 2017 07:30am EDT 

July 17 (Reuters) - Sevcon Inc -:Sevcon signs definitive agreement to be acquired by BorgWarner.Sevcon Inc - ‍transaction price of $22.00 per share represents a 61% premium to closing sale price of common stock of company on Friday​.Sevcon inc - ‍sevcon board of directors has unanimously approved merger agreement and has recommended approval of merger by Sevcon's stockholders​.Sevcon Inc - ‍transaction is not subject to a financing condition​.Sevcon Inc - ‍total transaction value, including assumption of indebtedness, is expected to be approximately $200 million at closing of transaction​.  Full Article

Sevcon buys remaining 50 pct interest in Chinese joint venture
Thursday, 8 Jun 2017 03:28pm EDT 

June 8 (Reuters) - Sevcon Inc ::Sevcon acquires remaining 50 pct equity interest in Chinese joint venture.Sevcon Inc- deal for $5,000,000.Sevcon - agreed to acquire Xuchang Fuhua Glass Co. Ltd's entire 50 pct equity interest in sevcon new energy technology.Sevcon - Sevcon also agreed to reimburse Fuhua Glass for taxes paid by it in relation to equity transfer in an amount not to exceed $1.2 million.Sevcon - upon consummation of acquisition, sevcon new energy technology will become a "wholly-owned foreign entity" under Chinese law.  Full Article

Sevcon says has agreed to terminate its equity joint venture with Fuhua Glass
Thursday, 8 Jun 2017 12:38pm EDT 

June 8 (Reuters) - Sevcon Inc ::On June 3, co agreed to acquire Xuchang Fuhua Glass' entire 50% equity interest in Sevcon New Energy Technology for a purchase price of $5 million.Company has agreed to terminate its equity joint venture with Fuhua Glass, a Chinese limited liability company - SEC filing.Co agreed to reimburse Fuhua Glass for taxes paid by it in relation to equity transfer in an amount not to exceed $1.2 million and ancillary fees.Upon consummation of acquisition, Sevcon New Energy Technology will become a wholly foreign-owned enterprise under Chinese law.  Full Article

Sevcon Q2 loss per share $0.43
Monday, 15 May 2017 06:46pm EDT 

May 15 (Reuters) - Sevcon Inc ::Sevcon reports financial results for second quarter fiscal 2017.Q2 loss per share $0.43.Revenues increased to $15.7 million in Q2 of fiscal 2017 from $13.2 million in Q2 of fiscal 2016.  Full Article

Meson Capital nominates 6 candidates for election to Sevcon's board
Wednesday, 21 Dec 2016 07:40pm EST 

Meson Capital Partners LLC: Meson Capital Partners LLC -nominating 6 candidates for election to Sevcon's board of directors .Meson Capital Partners, 19% shareholder, nominates highly qualified board of director candidates for Sevcon annual meeting.  Full Article

Meson Capital nominates 6 candidates for election to Sevcon's board
Wednesday, 21 Dec 2016 06:12pm EST 

Meson Capital Partners LLC: Meson Capital Partners LLC -nominating 6 candidates for election to Sevcon's board of directors .Meson Capital Partners, 19% shareholder, nominates highly qualified board of director candidates for Sevcon annual meeting.  Full Article

Sevcon files for common stock offering of up to 1.7 mln shares
Friday, 12 Aug 2016 02:08pm EDT 

Sevcon Inc : Files for common stock offering of up to 1.7 million shares by certain selling stockholders - sec filing .Co not selling any shares of common stock and will not receive any proceeds from sale of the shares.  Full Article

Ryan Morris elected as executive chairman of Sevcon
Thursday, 4 Aug 2016 08:30am EDT 

Sevcon Inc : Board member Ryan J. Morris elected as executive chairman of Sevcon .Morris has been a member of Sevcon's board of directors since 2013.  Full Article

BRIEF-BorgWarner enters agreement to acquire Sevcon

* Expected enterprise value of transaction at closing is approximately $200 million​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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