News Tagged with "Stock Market"
June 1, 2016
Combination creates innovative, global leader in alternative fuel, engine and vehicle sector
Westport completes merger between Westport and Fuel Systems Solutions. Shareholders of both companies approved the merger at separate special meetings of shareholders. As previously announced, Fuel Systems shareholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned. Fuel Systems shares will no longer be listed on the Nasdaq Exchange or any other securities exchange.
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May 26, 2016
Compelling merger edges closer to completion
The final exchange ratio has been determined for the proposed business combination (the “Merger”) with Fuel Systems. Assuming the Merger closes as anticipated on June 1, 2016, Fuel Systems stockholders will receive 2.4755 Westport common shares for each share of Fuel Systems common stock owned upon completion of the Merger.
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March 18, 2016
Merger plus all other resolutions pass with overwhelming shareholder support
At the meeting, shareholders approved the issuance of such number of Westport common shares as required according to the Agreement and Plan of Merger dated September 1, 2015 (as amended) to complete the Merger, with 98% of votes cast voted in favour of the resolution, 94% of votes cast voted in favour of the amendment to Westport’s Omnibus Incentive Plan, and 98% of votes cast voted in favour of amending the articles of incorporation of Westport to change its name from Westport Innovations Inc. to Westport Fuel Systems Inc.
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March 7, 2016
Updated agreement reflects current market conditions, provides greater certainty to Westport and Fuel Systems shareholders
Westport has signed an Amendment to the Agreement and Plan of Merger in relation to the proposed business combination between Westport and Fuel Systems.
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February 23, 2016
Compelling Combination To Bring a Broader Global Reach, Enhanced Technological Expertise, and Provide Significant Value to Westport Shareholders
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September 1, 2015
Compelling Merger Creates Scale and Combines Complementary Technologies, Development Focus, and Global Customer and Product Mix
Westport Innovations Inc. (TSX: WPT / NASDAQ: WPRT), and Fuel Systems Solutions Inc. (NASDAQ: FSYS), jointly announce that the companies have entered into a merger agreement to create a premier alternative fuel vehicle and engine company.
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June 27, 2014
Westport Completes Non-Dilutive, Non-Convertible Financing
Westport announces that it has extended the maturity date of its 9% unsecured subordinated non-convertible debentures formerly due September 22, 2014 to September 15, 2017; and secured an additional C$19 million in debentures on the same terms, bringing the total outstanding debentures to C$55 million.
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October 1, 2013
Westport closes its previously announced offering of 6,000,000 common shares in the United States and Canada at the offering price of US$25.39 per share, for gross proceeds of US$152,340,000.
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September 26, 2013
Westport will offer 6,000,000 common shares at a price of US$25.39 per share, for gross proceeds of US$152,340,000. Westport has granted the underwriters of the offering an option to purchase an additional 900,000 common shares at the offering price during the period ending 30 days from the date of Westport's final prospectus supplement filed in connection with the offering.
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September 25, 2013
Westport is offering to sell, subject to market and other conditions, 6,000,000 of its common shares in the United States and Canada pursuant to a preliminary prospectus supplement to its base shelf prospectus originally dated June 20, 2013.
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