Trina Solar receives proposal to be taken private
Dec 14 (Reuters) - Chinese solar panel maker Trina Solar Ltd said on Monday it received a preliminary proposal from its chief executive and Shanghai Xingsheng Equity Investment & Management Co to take the company private.
Trina Solar said it received an offer of $11.60 per American Depositary share, a premium of about 21.5 percent to the stock's Friday close.
(Reporting by Amrutha Gayathri in Bengaluru; Editing by Sriraj Kalluvila)
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