Emeren Group Ltd announced that its special committee, formed to evaluate a preliminary non-binding going-private proposal, has retained Kroll, LLC as its independent financial advisor. Additionally, Morrison & Foerster has been appointed as the U.S. legal counsel to the Special Committee.
These appointments are a procedural step in the committee's process to evaluate the proposal received on March 17, 2025, and consider other potential strategic alternatives. The Board cautions shareholders that no decisions have been made regarding the proposal or any alternative options.
The retention of independent advisors indicates a formal and thorough review process for the potential transaction. There is no assurance that a definitive offer will be received or that any transaction will be approved or consummated.
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