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QTWW: To Acquire Schneider Power in Stock Deal

Posted on: Wed, 25 Nov 2009 09:33:00 EST

Symbols: SNE, QTWW

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Ridgeland, MS, NOV 25, 2009 (EventX/Knobias.com via COMTEX) --
SNE | Quote | Chart | News | PowerRating -- By Fain Hughes, fhughes@knobias.com

Quantum Fuel Systems Technologies Worldwide Inc. ( QTWW | Quote | Chart | News | PowerRating) and Schneider Power Inc. announced the signing of a definitive business combination agreement under which Quantum has agreed to acquire in a stock-for-stock exchange all of the outstanding common shares of Schneider Power.

The transaction will combine Schneider Power's wind and solar power generation development portfolio with Quantum's alternative fuel technologies and solar power technologies to create a fully integrated renewable energy company. The combined companies' portfolio will encompass products that enable energy efficient utilization in hybrid and fuel cell vehicles to solar module manufacturing and clean electricity generation for North American consumers.

Quantum, through a wholly owned Canadian subsidiary, will acquire by way of Plan of Arrangement all the outstanding common shares of Schneider Power being approximately 71.0 million common shares, and Quantum will assume all of Schneider Power's outstanding warrants. The purchase price payable by Quantum is 0.236 of a Quantum common share for each Schneider Power common share. As a result, upon closing of the transaction, Quantum will issue approximately 16.8 million common shares and reserve an additional 2.0 million common shares for issuance upon exercise of the assumed warrants.

KNOBIAS DISCLAIMER: All statements made in this article were made by the Company and do not in any way reflect the opinions of Knobias. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC.

ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.

If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com

Knobias.com, LLC
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For full details on Sony Corporation ADS (SNE) SNE. Sony Corporation ADS (SNE) has Short Term PowerRatings at TradingMarkets. Details on Sony Corporation ADS (SNE) Short Term PowerRatings is available at This Link.

For full details on Quantum Fuel Sys Techworldwide (QTWW) QTWW. Quantum Fuel Sys Techworldwide (QTWW) has Short Term PowerRatings at TradingMarkets. Details on Quantum Fuel Sys Techworldwide (QTWW) Short Term PowerRatings is available at This Link.

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