$Real Goods Solar (RSOL)$ "We are excited about and look forward to completing the Mercury transaction. As described more fully in our Form S-4 declared effective December 3, 2013, our board of directors has approved the transaction and recommends a ‘yes’ vote. Our management and our board of directors believe that the merger with Mercury will position us as one of the largest U.S. solar installers, increase our financial resources and stability, and provide us with superior access to growth capital. We believe that the expected synergies arising from the merger, including expanded market presence in the important Northeast region as well as anticipated cost savings, will make the combined company well positioned for growth and success in 2014 and beyond.”
Real Goods Solar acquired Mercury in an all-stock transaction totaling approximately 8.3 million shares of Class A common stock, which recently received shareholder approval.