India, March 26 -- Shares of VivoPower International PLC (VVPR) soared over 110% on Wednesday morning after the company announced that it is in advanced bilateral negotiations with Energi Holdings Ltd. in relation to its unsolicited non-binding takeover proposal.
VVPR is currently trading at $4.7600, up $2.5000 or 110.6195%, on a heavy volume of 50 million shares, above average volume of 2.7 million, on the Nasdaq. The stock opened its trading at $3.3100 after closing Tuesday at $2.2600. The stock has traded between $0.6190 and $9.9000 in the past 52-week period.
Energi is an Abu Dhabi-headquartered energy solutions company established in 2014 with $1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Sout...