February 4, 2019 - Tesla (TSLA) announced plans to buy Maxwell Technologies (MXWL) this morning for roughly $4.75 per share. This is about a 50% premium to Friday's close.
Why is Tesla (TSLA) buying Maxwell (MXWL) for $218 Million?
Maxwell Tech (MXWL) makes ultracapacitors that are used in automobile batteries to lengthen their lives. They are also used for electric energy storage on power grids. Maxwell has a vast patent portfolio and Tesla is paying a discount with today's share price vs the $12-$14 per share back in 2014. From 2016-2018, shares traded in a range between $4.25 and $6.50.
It is very clear, Elon Musk likes Maxwell's technology!
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Why is Tesla (TSLA) buying Maxwell (MXWL) for $218 Million?
Maxwell Tech (MXWL) makes ultracapacitors that are used in automobile batteries to lengthen their lives. They are also used for electric energy storage on power grids. Maxwell has a vast patent portfolio and Tesla is paying a discount with today's share price vs the $12-$14 per share back in 2014. From 2016-2018, shares traded in a range between $4.25 and $6.50.
It is very clear, Elon Musk likes Maxwell's technology!
from Stock Market Analysis http://bit.ly/2S6YD6C
via IFTTT
from BITCOIN NEWS http://bit.ly/2TxPWyQ
via Bitcoin News Update
from Bitcoin News Update http://bit.ly/2DTDynr
via IFTTT
