VivoPower International (VVPR) said Monday that the proposed $180 million all-cash takeover offer process from Abu Dhabi-headquartered Energi is progressing to the due diligence stage.
"Review of the proposed US tariffs announced by President Trump suggests that they are not expected to affect the Tembo electric vehicle business," the company said.
Tembo will continue to focus on larger addressable markets outside of the US for its electric vehicle solutions, the firm said, adding that Tembo does not currently have customers, partners, or suppliers in the US.
Price: 3.44, Change: -0.13, Percent Change: -3.64
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.