FuelCell Energy Inc. (Nasdaq:FCEL) has acquired the remaining shares of Versa Power Systems Inc (Versa). Versa is a solid oxide fuel cell developer with research and engienering facilities in Littleton, Colo. and Calgary, Canada. FuelCell Energy Inc. previously owned approximately 39 percent of Versa.
FuelCell Energy exchanged approximately 3.5 million shares of its common stock, valued at approximately $3.3 million, as the total consideration for the remaining Versa shares held by other Versa shareholders.
Read more mergers and acquisitions news