Tesla plans to acquire ultracapacitor company Maxwell Technologies in a deal announced Monday by the two companies.
The San Diego, California manufacturer would become a wholly owned subsidiary of Tesla in the all-stock acquisition. The offer values Maxwell common stock at $4.75/share, a 54.7% premium to its closing price Friday of $3.07.
The $218 million sale is expected to close in the second quarter of 2019….
Author: Elisa Wood