First Solar (FSLR) Acquires OptiSolar’s PV Projects

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08:53:14 am on April 6, 2009

First Solar just finished gobbling up OptiSolar’s PV project pipeline on Friday. The company plans to take the projects in the pipeline, build them and then sell them.

Renewable-Energy-Sources.com has the details of the deal:

First Solar acquired all of OptiSolar’s project development business in an all-stock transaction valued at approximately $400 million. As a result of the closing today, First Solar will issue approximately 3 million shares of common stock representing a dilution of about 3.5 percent. This is less than the approximate 5 percent dilution expected when the acquisition was announced, due to recent appreciation in the price of shares of the Company’s common stock.

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