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Bargain buy?
TFG Radiant acquired its 20% stake in Ascent for only $7.36 million, with the PV company's valuation having slumped following its cost-cutting and strategic changes in April. Following news of the deal, the stock recovered to $1.20 in early trading. TFG has the right to extend its ownership of Ascent to a 49% share in the future, at a cost of $1.55 per share. Source: Yahoo! Finance.
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