Kyocera Announces Agreement to Acquire Golden Genesis

July 26, 1999 by Jeff Shepard

Kyocera International Inc. (San Diego) announced today that its May 26, 1999 definitive agreement to acquire solar energy integrator Golden Genesis Co. (Golden, CO) was approved during a meeting of Golden Genesis shareholders. This transaction will close in early August 1999.Kyocera will purchase 100 percent of the common shares of Golden Genesis for $2.33 per share under the definitive agreement, which was reached between Kyocera, GGC Acquisition Co. (Kyocera's wholly-owned subsidiary incorporated to facilitate the merger), Golden Genesis and ACX Technologies Inc., the majority shareholder of Golden Genesis.