PECO II, Inc. To Be Acquired by Lineage Power Holdings, Inc.

PECO II, Inc. To Be Acquired by Lineage Power Holdings, Inc.
PECO II, Inc. today announced the signing of a definitive agreement with Lineage Power Holdings, Inc. , a Gores Group company and a provider of intelligent power conversion solutions. Â Under the terms of the agreement, Lineage will acquire all of the outstanding shares of PECO II for $5.86 per share in cash. Â The offer price represents a 51 percent premium over the closing price of PECO II …

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