Nexxus will not acquire LightWild
A letter of intent for Nexxus to buy LightWild has expired, although Nexxus has completed the acquisition of ALS.
In June, Nexxus said that it had entered into a non-binding letter of intent to acquire LightWild – see Nexxus to acquire LED lighting manufacturer LightWild. However, this letter of intent has expired and will not be extended. No explanation was offered by Nexxus.
On a more positive note, Nexxus has closed the previously announced acquisition of LED and fiber-optic lighting manufacturer Advanced Lighting Systems, Inc. (ALS).
As a wholly-owned subsidiary of Nexxus Lighting, ALS will continue to operate out of its manufacturing facility in Sauk Centre, Minnesota.