Agreement for Clean Energy to Acquire FuelMaker is Terminated
SEAL BEACH, Calif., Oct 15, 2008 (BUSINESS WIRE) -- On September 5, 2008, Clean Energy Fuels Corp. (Nasdaq:CLNE) entered into a definitive purchase agreement with American Honda Motor Co., Inc. and the FuelMaker Trust to acquire FuelMaker Corporation of Toronto, Canada for US $17 million in cash. Honda and Clean Energy have mutually agreed to terminate the purchase agreement in accordance with its terms.
Clean Energy is the leading provider of natural gas (CNG and LNG) for transportation in North America. It has a broad customer base in the refuse, transit, ports, shuttle, taxi, trucking, airport and municipal fleet markets, fueling more than 14,000 vehicles daily at strategic locations across the United States and Canada. Clean Energy del Peru, Clean Energy's Peruvian joint venture, operates the world's largest natural gas vehicle fueling station in Lima, Peru. Information at: www.cleanenergyfuels.com
Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE: Clean Energy Fuels Corp.
Clean Energy Fuels Corp. News Media: Bruce Russell, 310/559-4955 x101 brussell@cleanenergyfuels.com or Investors: Ina McGuinness, 310/954-1100
Copyright Business Wire 2008
News Provided by COMTEX