{
  "id": 18124660,
  "title": "ARRAY to buy Shoals in $1.32 billion all-stock deal",
  "url": "https://urgent.news/2026/11/04/array-to-buy-shoals-in-1-32-billion-all-stock-deal",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-04T13:31:02.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/array-to-buy-shoals-in-132-billion-allstock-deal-4999420"
  },
  "original_language": "en",
  "account": "ARRAY Technologies and Shoals Technologies Group have reached an agreement to merge in an all-stock deal, creating a new entity valued at approximately $1.32 billion. The combined company will merge ARRAY's solar equipment expertise, such as trackers and mounting systems, with Shoals' electrical infrastructure offerings, like wiring and cable management systems.\n\nShoals shareholders will receive 1.6931 ARRAY shares for each share they own, resulting in a $7.86 per share value or a $1.32 billion deal total. The acquisition price represents a 7.2% discount compared to Shoals' last closing price. Following the merger expected in Q1 2027, Shoals shareholders will hold around 65% of the combined company, with ARRAY shareholders owning the remaining 35%.\n\nARRAY will become the legal acquirer and corporate parent of the newly formed entity, while Shoals CEO Brandon Moss will lead the combined company. ARRAY's Kevin Hostetler will serve as a special advisor. The companies anticipate that the merger will streamline project installations, reduce costs, and enhance system performance.\n\nThe newly formed company anticipates revenue of $2.2 billion to $2.4 billion in 2027, with adjusted EBITDA ranging from $410 million to $480 million. This includes about $35 million in first-year synergy benefits.",
  "summary": null,
  "key_points": [
    "ARRAY Technologies and Shoals Technologies Group agree to $1.32B all-stock merger",
    "Shoals shareholders receive 1.6931 ARRAY shares per share owned, $7.86 per share value",
    "ARRAY to lead combined company post-merger in Q1 2027"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}