Vestas Wind Systems Surges On Potential Strategic Deal with Mitsubishi Heavy Industries
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Vestas Wind Systems A/S (OTC: VWDRY), the largest maker of wind turbines, is in talks with Japan's Mitsubishi Heavy Industries about a "strategic cooperation," the company said Tuesday.
In a statement the company stated:
Today, there is information in the market that Vestas is in dialogue with Mitsubishi Heavy Industries.
Vestas can confirm that there is an ongoing dialogue between the two companies regarding a potential strategic cooperation.
If the dialogue results in an agreement, Vestas will make a company announcement on the issue immediately thereafter.
Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).
Shares of Vestas Wind Systems A/S are surging on the news. In Copenhagen shares ramped 17% and in U.S. OTC trading (OTC: VWDRY) the stock is up 18 percent.
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In a statement the company stated:
Today, there is information in the market that Vestas is in dialogue with Mitsubishi Heavy Industries.
Vestas can confirm that there is an ongoing dialogue between the two companies regarding a potential strategic cooperation.
If the dialogue results in an agreement, Vestas will make a company announcement on the issue immediately thereafter.
Vestas discloses this announcement based on Vestas’ obligation as a Danish listed company, ref. the Securities Trading Act, section 27(2).
Shares of Vestas Wind Systems A/S are surging on the news. In Copenhagen shares ramped 17% and in U.S. OTC trading (OTC: VWDRY) the stock is up 18 percent.
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