Heliogen rejects unsolicited acquisition proposal from continuum renewables

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 its board of directors (the “board”) rejected the unsolicited, non-binding proposal it received on april 13th 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. after careful consideration and consultation with.
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