Processing your request


please wait...

Case Page

 

Case Status:    DISMISSED    
On or around 08/09/2019 (Notice of voluntarily dismissal)

Filing Date: February 20, 2019

According to the Complaint, UQM Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells electric motors, generators, power electronic controllers, and fuel cell compressors in the United States and internationally.

On January 21, 2019, UQM issued a press release announcing it had entered into a definitive merger agreement under which affiliates of Denmark-based Danfoss A/S will acquire the Company in the Proposed Transaction with total equity value of approximately $100 million.

The terms of the Proposed Transaction were memorialized in a January 22, 2019, filing with the Securities and Exchange Commission on Form 8-K attaching the definitive Agreement and Plan of Merger (the “Merger Agreement”). Under the terms of the Merger Agreement, UQM will become an indirect wholly-owned subsidiary of Danfoss, and stockholders will receive $1.71 in cash for each share of UQM common stock they own.

The Complaint alleges that on February 12, 2019, Defendants caused to be filed the materially deficient and/or materially misleading Preliminary Proxy with the SEC in an effort to solicit stockholders to vote their UQM shares in favor of the Proposed Transaction.

This case was voluntarily dismissed on August 9, 2019.

Protected Content


Please Log In or Sign Up for a free account to access restricted features of the Clearinghouse website, including the Advanced Search form and the full case pages.

When you sign up, you will have the option to save your search queries performed on the Advanced Search form.