New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 18, 2011
05:27 EDTFSYSAFS Acquisition acquires Approximately 83.3% of Fuel Systems' Alternative Fuel
Fuel Systems Solutions and Alternative Fuel Systems, or AFS, announced that AFS Acquisition Co. Inc., a wholly-owned indirect subsidiary of Fuel Systems, took up and accepted for payment 15,704,867 common shares of AFS, epresenting approximately 83.3% of the outstanding AFS Shares on a fully-diluted basis, pursuant to its previously announced offer to acquire all of the outstanding AFS Shares, including all AFS Shares that may be issued on the exercise of options granted under AFS's stock option plan, at a price of Cdn.$0.50 in cash per AFS Share by way of a formal take-over bid. By written notice given to the depositary for the Offer, the Offeror has also extended the time for acceptance of the Offer from 5:00 p.m. Calgary time on May 17, to 5:00 p.m. on May 31, in order to enable the remaining shareholders to receive prompt payment of the same Cdn.$0.50 per share consideration under the Offer. A notice announcing the extension of the Offer will promptly be mailed to holders of AFS Shares.
News For FSYS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2015
06:57 EDTFSYSFuel Systems subsidiary signs exclusive multi-year contract with Italy's Eni
Fuel Systems' fully owned subsidiary MTM has signed a new exclusive multi-year contract with Eni S.p.A., an Italian multinational oil and gas company headquartered in Rome, to supply and maintain new CNG refueling stations to be constructed in Italy. Under the terms of the contract, over the next three years MTM will supply Eni's newly constructed Natural Gas stations with complete "plug&fill" CNG compressors and refueling accessories and will provide station maintenance over the next five years.
July 28, 2015
06:10 EDTFSYSFuel Systems discloses resignation of interim COO Andrea Alghisi
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use