Deals
Canadian Solar Rises on Report of CNOOC Purchase: Toronto Mover
This article is for subscribers only.
Canadian Solar Inc. gained the most in more than a month on a report that China National Offshore Oil Corp. is in talks to buy the maker of solar modules.
Canadian Solar climbed 7.6 percent to $3.54 at the close in New York, the biggest increase since March 9 and giving it a market value of $154.1 million. China Business Media said the company is in negotiations to be bought by China’s national oil producer, without saying where it obtained the information.