Suntech (STP) Slumps as Potential Government Intervention/Takeover Likely
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March 14, 2013 5:09 PM EDT
Raymond James Pavel Molchanov drops coverage of Suntech Power (NYSE: STP) as restructuring looms. The firm said it is unclear whether a publicly traded equity will remain.
"We have long viewed the company as one of the most overlevered and mismanaged of China's PV... More
March 14, 2013 4:01 PM EDT
Suntech Power Holdings Co. ADS (NYSE: STP) announced that it has been contacted by the New York Stock Exchange, Inc. regarding today's unusual trading activity relating to its American depositary shares. Management of the Company is not aware of undisclosed events that triggered such... More
March 11, 2013 9:02 AM EDT
Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's largest producers of solar panels, today announced that it has signed a forbearance agreement with the holders of more than 60% of the Company's 3% Convertible Notes (the "Notes"). Under the forbearance agreement,... More
