SolarWorld Americas Inc., one of two U.S. solar manufacturers asking President Donald Trump for tariffs on imported panels, says the move could revive a struggling industry. It may also boost the companys value ahead of a potential sale.
The manufacturer, owned by bankrupt German panel maker SolarWorld AG, has already invited more than a dozen suitors to submit non-binding offers for the company. But final bids arent due until after Trump decides whether to levy tariffs, according to a spokesman for SolarWorld AGs German insolvency administrator.
The push to find a buyer for SolarWorld Americas is the latest wrinkle in a months-long drive for tariffs thats drawn opposition from most of the U.S. solar industry. SolarWorld and …
Read the full article at: https://www.bloomberg.com/news/articles/2017-12-21/trump-s-tariff-decision-looms-large-for-sale-of-solar-company