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News Breaks
January 31, 2013
17:02 EDTBLDPBallard Power sells U.S. material products division
Ballard Power Systems (BLDP) has announced the closing of an agreement to sell the company's Material Products division, located in Lowell, MA for up to $12M. Of this amount, $10.5M was paid to Ballard in cash on closing, with the remainder payable on the basis of 2013 financial results associated with the Material Products division. Substantially all the assets of the Material Products division were purchased by investment group ALY Holdings in partnership with the division's senior management, through AvCarb, a new company formed as a result of the transaction. BMO Capital Markets acted as exclusive financial advisor to Ballard throughout the divestiture process.
News For BLDP From The Last 14 Days
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July 22, 2015
07:34 EDTBLDPBallard Power to provide 1MW clean power generation system in Bordeaux, France
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July 15, 2015
09:02 EDTBLDPBallard Power acquisition positive, says Roth Capital
After Ballard Power (BLDP) agreed to buy Protonex, Roth Capital says the deal gives Ballard additional high margin revenue while diversifying its products and adding the U.S. military as a customer. Roth finds Ballard's valuation attractive and keeps a $2.55 price target and Buy rating on the shares.
July 14, 2015
07:02 EDTBLDPBallard Power initiated with a Buy at Rodman & Renshaw
Target $2.50.

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