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Finavera in ‘Advanced’ Discussions With Four Potential Buyers

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Oct. 5 (Bloomberg) -- Finavera Wind Energy Inc., a Vancouver-based wind-farm developer, said it’s in talks with four potential bidders and initial offers are expected soon.

In addition, a “number of new entrants” have signed non-disclosure agreements and are reviewing the company’s financials, Finavera Wind said in a statement today.

The company rose 40 percent on Oct. 1 after annoucing it was in talks with three potential buyers and had hired Capital West Partners LLC to review offers.

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To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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