VivoPower Receives Non-Binding All Cash Takeover Offer at Enterprise Value of US$120 Million
1. VivoPower received an unsolicited takeover proposal from Energi Holdings. 2. The proposal values VivoPower at $120 million in cash. 3. Energi Holdings is based in Abu Dhabi with $1 billion in revenues. 4. VivoPower is reviewing the proposal with its advisors. 5. Details of the proposal could influence investor sentiment toward VVPR.