January 3, 2017 / 12:42 PM / 7 months ago

BRIEF-Ormat Technologies Inc says initial consideration for acquisition is $35 mln

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Jan 3 (Reuters) - Ormat Technologies Inc :

* Ormat Technologies inc - initial consideration for acquisition is $35 million

* Ormat technologies inc - entered into a definitive agreement to acquire substantially all of business and assets of viridity energy, inc

* Ormat - additional contingent consideration will be payable upon achievement of certain milestones measured at end of fiscal years 2017 and 2020

* Ormat technologies inc - expect viridity to generate a positive operating income in 2017 Source text for Eikon: Further company coverage:

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