French oil major Total (TOTF.PA) on Wednesday extended its cash offer to purchase up to 60 percent of U.S. solar company SunPower Corp (SPWRA.O). The offer will now expire on June 14 instead of May 31, Total said in a statement. Total said in April it was offering $1.37 billion for a majority stake in SunPower, marking one of the biggest moves ever by an oil and gas giant into the market for renewable energy.
SunPower Corporation (SunPower) is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. Shares of SPWRA remained unchanged at $20.97. In the past year, the shares have traded as low as $9.61 and as high as $22.60. On average, 3464100 shares of SPWRA exchange hands on a given day and today's volume is recorded at 0.
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