News Tagged with "Stock Market"

June 1, 2016
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Westport Completes Merger with Fuel Systems

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
financialmergerstock market

Westport Announces Exchange Ratio for Merger Agreement with Fuel Systems

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
corporatemergerstock marketagreements

Westport Shareholders Vote For Merger with Fuel Systems at Shareholder Meeting

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
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Westport Signs Amendment to Merger Agreement with Fuel Systems

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
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Westport Files Management Information Circular for Fuel Systems Transaction and Sets Date for Special Meeting of Shareholders

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
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Westport and Fuel Systems Solutions Announce Intention to Merge

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
financialstock market

Westport Extends Maturity of Existing Debentures and Issues C$19 Million Additional 9% Debentures

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
financialstock market

Westport Innovations Inc. Closes Offering of Common Shares

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
financialstock market

Westport Innovations Inc. Prices Offering of Common Shares

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
financialstock market

Westport Innovations Inc. Offers Common Shares

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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News Releases

September 23

Westport Fuel Systems Clarifies Statements Regarding the Chinese Certification of Weichai Westport’s WP12HPDI Natural Gas Engine

to clarify market news regarding its Weichai Westport Inc. joint venture and WWI's 12-liter engine equipped with the HPDI 2.0™ fuel system

September 18

Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0

Westport Fuel Systems Inc. today announced that its Weichai Westport Inc. joint venture has received certification from the Ministry of Ecology and Environment of China for its 12-liter engine equipped with the HPDI 2.0 fuel system

September 15

Westport Fuel Systems Combines Businesses to Better Serve Growing Indian Market

Transaction Provides Cost Efficiencies and Greater Product Choice for Customers

August 31

Westport Fuel Systems Awarded Key Electronics Supply Contract

Estimated revenue of US$58 million over seven-year period

August 11

Westport Fuel Systems Secures €7 Million Loan from Deutsche Bank

Further strengthens liquidity of Emer S.p.A in Brescia, Italy

Industry News

Published: July 17

Egypt launches ambitious strategy to shift from gasoline to natural-gas powered cars

Egypt has launched an ambitious plan to shift the primary fuel for vehicles in its jurisdiction from petrol and diesel to compressed natural gas.

Published: March 26

Coronavirus Economic Fallout May Boost NGVs as Alternative Transportation

Natural gas vehicles (NGV) may get a boost as power markets and renewable equipment production are seen as potential casualties.

Published: March 16

Europe Increasingly Turns to CNG, LNG

The statistics not only show continuously growing sales of CNG and especially liquefied natural gas fueled vehicles, but also the growth of corresponding fueling infrastructure.

Published: March 12

Finnish heavy-duty transport expert Simeon: ”Gas is energy of the future”

Simeon’s gas-powered Volvo is used to transport gas for partners. Stenberg is pleased with the new tractor unit.

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