Plug Power Acquires ReliOn for $4 Billion in Stock and Barnes & Noble Shares Fall after Liberty Media Sells Large Stake
Plug Power Inc. (NASDAQ: PLUG) has acquired ReliOn for $4 billion in stock . The company plans to integrate ReliOn's technology into its GenDrive fuel cell systems sometime this year. ReliOn develops hydrogen fuel cell stack technology and fuel cell systems, and produces backup fuel cells. ReliOn has deployed more than 5,000 fuel cell stacks to customer sites and has customers that include AT&T, Verizon, and Sprint. "One of our objectives in 2014 is to expand our fuel cell