BUZZ-Altus Power gains as TPG to buy co in $2.2 bln deal
ReutersFeb 6, 2025 1:37 PM
Shares of solar firm Altus Power AMPS.N rise 28.2% to $4.9 premarket
Buyout firm TPG's TPG.O climate investment arm to acquire Altus Power for $2.2 billion in an all-cash transaction
AMPS says TPG will acquire company for $5.00 per share
Purchase price represents a 66% premium to AMPS's closing price on October 15, 2024, the last trading day before the company said it would review strategic alternatives
Transaction is expected to close in Q2
Until last close, AMPS fell 5.9% YTD
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