AMSC Expands Wind Biz With Є190M Deal

Law360, New York (March 14, 2011, 5:16 PM EDT) -- Power technology company American Superconductor Corp. said Monday it would acquire its smaller, Finnish rival The Switch Engineering Oy for Є190 million ($264.6 million), looking to expand its customer base among Western wind turbine manufacturers.

AMSC said it would lay out $186 million in cash and pay the rest of the purchase value in stock, with the price determined by the average stock price leading up to the closing. The transaction, which is subject to certain conditions and regulatory approvals, is expected to close by Aug....
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