Westport shareholders approve merger with Fuel Systems
Shareholders of Westport Innovations Inc (TSX: WPT, Nasdaq: WPRT) have approved the company's proposed merger with Fuel Systems Solutions Inc (Nasdaq: FSYS). The deal, announced in September, will create a premier alternative fuel vehicle and engine company with an expanded product and technology portfolio, and a combined equity value of $351 million, Vancouver-based Westport said. In January, U.S. private equity firm Cartesian Capital Group agreed to invest up to $71.3 million in Westport to support its growth initiatives.
21 March 2016•7 mins read
