Trina Solar receives proposal to be taken private

Mon Dec 14, 2015 5:48am EST
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Dec 14 (Reuters) - Chinese solar panel maker Trina Solar Ltd said on Monday it received a preliminary proposal from its chief executive and Shanghai Xingsheng Equity Investment & Management Co to take the company private.

Trina Solar said it received an offer of $11.60 per American Depositary share, a premium of about 21.5 percent to the stock's Friday close. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Sriraj Kalluvila)