September 4, 2021

Clipper in talks with UTC over possible takeover

first_imgMonday 20 September 2010 8:58 pm Show Comments ▼ Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Wind turbine maker Clipper Windpower is in talks with major shareholder United Technologies Corp (UTC) over a takeover or financing deal as it seeks additional capital to continue operating.Clipper, which is burning through cash, said UTC had indicated it would be willing to acquire the remaining shares in Clipper it does not already own, subject to due diligence and other terms and conditions.UTC may now increase its stake to 55 per cent after invoking a cash outflows clause in the subscription agreement signed earlier this year. It had previously been limited to a 49.9 per cent stake until January 2012. Clipper said along with the acquisition talks, it is also looking at raising capital and credit lines with financial providers and negotiating with UTC on additional credit support.It expects revenue to fall to between $150m (£96m) and $154m from $357.3m after selling only 43 turbines in the last quarter, compared with 127 for the same time last year. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comcenter_img whatsapp Clipper in talks with UTC over possible takeover KCS-content Tags: NULLlast_img

Add Comment

Your email address will not be published. Required fields are marked *