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Tesla discloses final tender offer to acquire battery maker Maxwell

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Tesla discloses final tender offer to acquire battery maker Maxwell

Tesla Inc. on May 13 disclosed its final offer consideration in relation to its acquisition of battery manufacturer Maxwell Technologies Inc.

The Silicon Valley-based electric-car maker commenced a tender offer to exchange all outstanding shares Maxwell shares for shares of Tesla's common stock.

Tesla said each share of Maxwell common stock that was validly tendered in the offer and not withdrawn prior to the expiration date on May 15 will be entitled to receive 0.0193 of a share of Tesla common stock, plus cash in lieu of any fractional shares of Tesla common stock, without interest and minus any applicable withholding taxes.

The completion of the exchange offer remains subject to customary closing conditions.