When will the deal close? New leadership team coming to ABB
ABB leadership team who made the deal under the table for 5 year employment contract for PWER leadership are gone. ABB have a new CFO , CEO, CTO soon. This deal is unlikely to close now with exiting management. New management might question the deal and most likely want to start clean without all this mess. The longer it takes to close, it becomes more unlikely.
As mentioned in the CC, Deal will close when ABB has finances available which should be towards end of the year.
PWER management has carefully orchestrated this deal to maximize their personal benefit. Since the discussions were going on for 2 years, PWER management didn't buy back shares and handed over the cash to ABB.
Negotiated the deal everything on ABB terms so I doubt the new management will cancel the deal.
With introduction of storage product, PWER is ready to deliver lot of growth.BTW, even the introduction of the product was timed after the acquisition and didn't make it to yahoo news.