Heliogen confirms receipt of unsolicited, non-binding acquisition proposal

Pasadena, calif.--(business wire)--heliogen, inc. (“heliogen” or the “company”) (nyse: hlgn), a leading provider of ai-enabled concentrating solar energy technology, today announced that it has received an unsolicited, non-binding proposal from continuum renewables, inc. (“cri”) to acquire all of the outstanding shares of common stock of heliogen for cash consideration of $0.40 per share. the non-binding proposal states that cri was co-founded by bill gross. mr.
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