# CRRC Times Electric to acquire remaining shares of Dynex Power

Dynex Power Inc. announced a privatization transaction where controlling shareholder Zhuzhou CRRC Times Electric Co., Ltd. will acquire all common shares it does not already own for $0.65 per share in cash. CRRC Times Electric currently holds approximately 75% of Dynex shares.

- Type: Acquisition
- Announced: 2019-01-18
- Where: Lincoln, England, United Kingdom
- Status: announced
- Products: high power semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Dynex Power](https://endata.com/companies/29316.md) (target)
- [Zhuzhou CRRC Times Electric](https://endata.com/companies/36770.md) (acquirer)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/dynex-power-inc-announces-privatization-transaction-controlling-shareholder-to-acquire-all-of-dynex-shares-889758928.html), 2019-01-18: "The purchase price represents an approximate 160% premium over the last trading price of the common shares on the TSX Venture Exchange on January 17, 2019."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.