Deals
Power-One Investor Sues Over Solar-Equipment Maker’s Sale
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A Power-One Inc. shareholder sued company directors, claiming ABB Ltd.’s $1 billion takeover offer for the solar-equipment maker is too low.
The shareholder, Alejandro Becerra-Arteaga, said Power-One’s board breached its fiduciary duty by accepting ABB’s proposal to pay $6.35 a share.