UQM shareholders approve merger with Danfoss Power
LONGMONT — Shareholders of UQM Technologies Inc. (NYSE American: UQM), a developer of alternative-energy technologies, Tuesday approved the company’s merger with Danfoss Power Solutions (US) Co., a division of Danfoss A/S.
The approval came at a special meeting of UQM shareholders at the company’s headquarters in Weld County. A total of 39,144,717 shares were cast in favor of the transaction out of 56,197,188 total — or 69.65 percent of all shares outstanding as of the record date — either in person or by proxy. Of the total shares voted, 92.38 percent voted in favor of the transaction, the company said in…
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