Hydrogenics Corporation Succeeds In Bid for Stuart Energy Systems Corporation

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hygs_logo.gif Hydrogenics Corp (HYGS) announced that it has been successful in its offer to acquire Stuart Energy Systems Corp (SRNYF). 31,382,226 Stuart Energy shares, representing approximately 86% of the issued and outstanding Stuart Energy shares (80% on a fully diluted basis), have been deposited to the Offer. The Offer was made at an exchange ratio of 0.74 Hydrogenics shares for every Stuart Energy share. [ more ]