CBD
invested
$1m
in
California-based
Westinghouse
last
December
and
the
companies
announced
merger
plans
in
February.
The
companies
signed
a
definitive
agreement
that
will
see
Westinghouse
Solar
shareholders
receive
about
3.7
shares
of
CBD
common
stock
for
each
Westinghouse
Share.
Preferred
shares
in
the
companies
will
be
exchanged
one-for-one.
Westinghouse
shareholders
will
own
15%
of
the
CBD
shares
after
the
transaction.
Westinghouse
chief
executive
Barry
Cinnamon
is
leaving
the
company,
to
be
replaced
on
an
interim
basis
by
current
chief
financial
officer
Margaret
Randazzo.
She
says
the
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