India, March 26 -- Shares of VivoPower International Plc. (VVPR) are surging on Wednesday after announcing that it is in advanced bilateral negotiations with Energi Holdings Ltd. in connection with its unsolicited non-binding all-cash takeover offer of $120 million.
The two companies have agreed to complete negotiations on price, terms, and conditions before April 2.
Founded in 2014, Energi is an Abu Dhabi-based energy solutions firm with offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia.
VVPR was up by 111.00 percent at $4.8 on the Nasdaq.
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