BUZZ-Altus Power gains as TPG to buy co in $2.2 bln deal

Reuters

02/06

BUZZ-<a href="https://laohu8.com/S/AMPS">Altus Power</a> gains as TPG to buy co in $2.2 bln deal

** 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

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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