Canadian Solar Inc Announces Receipt of a Preliminary, Non-Binding “Going Private” Proposal Letter

Canadian Solar

Canadian Solar Inc. has announced that its Board of Directors  has received a preliminary, non-binding proposal letter, dated December 9, 2017, from its Chairman, President and Chief Executive Officer, Dr. Shawn (Xiaohua) Qu (“Dr. Qu”), to acquire all of the outstanding common shares of the Company not already beneficially owned by Dr. Qu and his wife, Ms. Hanbing Zhang, (the “Chairman Parties”) in a “going-private” transaction for cash consideration of US$18.47 per common share.

The Board has formed a special committee  of independent and disinterested directors to consider the Proposed Transaction. The Company expects that the Special Committee will retain independent advisors, including independent legal and financial advisors, to assist it in this process.

The Board cautions the Company’s shareholders and others considering trading in the Company’s securities that the Board has just received the Proposal Letter and has not had an opportunity to carefully review and evaluate the Proposed Transaction or make any decision with respect to the Company’s response to the Proposal Letter. The Board also cautions that there can be no assurance that any definitive offer relating to the Proposed Transaction or any other transaction will be made by Dr. Qu or any other person, that any definitive agreement with respect to the Proposed Transaction or any other transaction will be executed or that the Proposed Transaction or any other transaction will be approved or consummated.

The Company does not undertake any obligation to provide any updates with respect to the Proposed Transaction or any other transaction except as required by applicable law.

For more information: http://investors.canadiansolar.com/phoenix.zhtml?c=196781&p=irol-newsArticle&ID=2322019

Related Articles

Latest Articles

Changing Scene

  • EB Horsman & Son Introduce Hector Cham as New Richmond Branch Manager

    EB Horsman & Son Introduce Hector Cham as New Richmond Branch Manager

    October 23, 2026 EB Horsman & Son is pleased to announce the appointment of Hector Cham as Branch Manager of their Richmond branch. With nine years of experience at EB Horsman & Son, Hector has built a strong foundation in customer service, sales and branch operations. He began his career with EBH in Lighting Inside… Read More…

  • EBH Introduce New eCommerce Feature: Share Product Lists with Your Team and Customers

    EBH Introduce New eCommerce Feature: Share Product Lists with Your Team and Customers

    October 23, 2026 Share Product Lists in Seconds: A New Way to Collaborate Online Collaboration just got easier. EB Horsman & Son are excited to introduce List Sharing, a new feature on the EB Horsman & Son eCommerce platform that allows customers to quickly share saved product lists with teammates, customers, and project partners. Whether… Read More…

  • EB Horsman & Son Recognized with AD Giving Back Award

    EB Horsman & Son Recognized with AD Giving Back Award

    October 23, 2026 EB Horsman & Son is proud to announce they have received the Giving Back Award at the AD Electrical North American Meeting, recognizing our ongoing commitment to community involvement, charitable giving, and supporting those in need. “For more than 125 years, giving back has been an important part of who we are. As… Read More…

  • NETCO Executive Director Speaks on Labour Mobility Act Before House of Commons

    NETCO Executive Director Speaks on Labour Mobility Act Before House of Commons

    October 23, 2026 NETCO announced on LinkedIn that Executive Director, Chris Swick appeared before the House of Commons Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities (HUMA) to speak on Bill C-266 – the National Framework on Skilled Trades and Labour Mobility Act. “While NETCO supports the… Read More…