WindPower Innovations, Inc. cancelled the acquisition of Gearstar Performance Transmissions.
WindPower Innovations, Inc. (OTCPK:WPNV) cancelled the acquisition of Gearstar Performance Transmissions on January 14, 2014. GearStar had received an unsolicited offer from a major parts supplier and WindPower Innovations' Board elected not to enter in to a bidding war for GearStar having determined that it is not in the best interest of shareholder value to pay a higher price than originally offered.