Solana rejects Forward Industries’ $1.48-a-share takeover proposal

Solana Company Class A

Solana Company Class A

HSDT

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  • Solana’s board unanimously rejected Forward Industries’ unsolicited, non-binding all-stock proposal to acquire the company.
  • The offer, received June 4, valued the deal at USD 1.48 per Solana share.
  • Directors said the proposal substantially undervalued Solana.


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