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Tesla to Buy Energy Storage Firm Maxwell Tech at $4.75 a Share

(Bloomberg) — Tesla Inc. agreed to acquire battery-technology company Maxwell Technologies Inc. for about $218 million in stock, as Elon Musk adds expertise in capacitors that could speed up electric-car charging.

The purchase price of $4.75 a share, announced by Maxwell in a statement on Monday, amounts to about a 55 percent premium to the target’s closing price on Feb. 1. Tesla is always looking for potential acquisitions that support its mission, a spokesman said.

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finance.yahoo.com/amphtml/news/tesla-buy-energy-storage-firm-150944796.html

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