Friday, November 4, 2011

Suntech Power Jumps On Takeover Speculation

Shares of Suntech Power Holdings Co. Ltd. (NYSE: STP) surged more than 7% Friday on speculation that the company could be a takeover target. Suntech Power Holdings Co., Ltd., a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products. The company also provides engineering, procurement, and construction services to building solar power systems for certain related party and third party customers. Stay tuned for more.

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