Suntech (STP) Slumps as Potential Government Intervention/Takeover Likely
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Raymond James Drops Coverage on Suntech Power (STP); Not Investable on Pending Restructuring
March 14, 2013 5:09 PM EDTRaymond 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
Suntech (STP) Contacted by NYSE on Unusual Trading, Not Aware of Undisclosed Events
March 14, 2013 4:01 PM EDTSuntech 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
Suntech (STP) Enters Forbearance Agreement with Convertible Debt Holders
March 11, 2013 9:02 AM EDTSuntech 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
