Cboe Global Markets : Hydrogenics Enters Agreement In Which Atlantis AcquisitionCo Canada Corporation Will Acquire All Outstanding Shares Of Co. For $15/Share In Cash

Hydrogenics Enters Agreement In Which Atlantis AcquisitionCo Canada Corporation Will Acquire All Outstanding Shares Of Co. For $15/Share In Cash

Benzinga Newsdesk 6/28/2019 8:39:51 AM

Hydrogenics Corporation (NASDAQ:HYGS, TSX:HYG) (the 'Company' or 'Hydrogenics'), a leading developer and manufacturer of hydrogen fuel cell modules and hydrogen generation equipment, announced today that it has entered into an arrangement agreement (the 'Arrangement Agreement') with Cummins Inc. ('Cummins') and Atlantis AcquisitionCo Canada Corporation (the 'Purchaser'), pursuant to which the Purchaser, a subsidiary of Cummins Inc., has agreed to acquire all of the outstanding common shares of the Company (the 'Shares'), other than Shares owned by The Hydrogen Company, a wholly owned subsidiary of L'Air Liquide S.A. ('Air Liquide'), for US$15.00 in cash per Share (the 'Transaction'). The Hydrogen Company has agreed to exchange its Shares for shares of the Purchaser pursuant to the Transaction.