Jones Day Advising SunPower on Acquisition by Oil Company Total S.A.
Jones Day is advising San Jose-based solar energy company SunPower Corp. in its $1.4 billion acquisition by French oil company Total S.A. The oil company is offering $23.25 per share, a 46 percent premium that values SunPower at $2.3 billion. The oil company will also provide $1 billion in credit support to SunPower over five years. The Jones Day team was le...
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