ONEnergy Inc. (“ONEnergy” or the “Company”) announced the expiration of its previously announced letter of intent with Suske Capital Inc. (“Suske Capital”), on behalf of certain Suske Capital subsidiaries and other entities (collectively, the “Suske Parties”).

See background on the LOI here

The parties continue to explore mutually beneficial alternatives.

Since the sale of its retail energy business and disposition of its HVAC business, ONEnergy mainly offers energy efficiency services

Trading in the common shares of ONEnergy (“Shares”) were halted on April 26, 2018 on the announcement of ONEnergy’s intent to enter into a transaction with the Suske Parties. The Shares are expected to resume trading as soon as disclosure and other regulatory requirements can be completed to the satisfaction of the TSX Venture Exchange.

ONEnergy remains committed to delivering new value to shareholders of the Company and is currently evaluating opportunities and will update shareholders when the Company has completed this evaluation.

Tags:
ONEnergy   M&A  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
FT: Mitsubishi-Backed Retail Supplier 'Prepares Bid' For International Retail Supplier With U.S. Arm
Shell Acquiring 250,000 Customers From U.K. Supplier;' Octopus Acquiring 580,000 Customers
UK Retail Supplier With US Affiliate In Talks To Secure 'New Funding'; Wholesale Prices Challenge
NRG To Trim Costs, Reviews Retail Pricing Structure After Direct Energy Acquisition '
PSEG to Acquire 25% Ownership Interest in Ocean Wind