** Shares of energy infrastructure firm Adams Resources & Energy AE.A up 36.2% at $37.20
** Stock hits highest in more than one-and-a-half years
** An affiliate of Tres Energy to buy AE in an all-cash deal valued at $138.9 mln
** Under the deal terms, Adams stockholders will receive $38 apiece in cash for each share owned
** The per-share purchase price represents a 39% premium to stock's last close
** Deal is expected to close in Q1 of 2025
** Including session's gains, stock up ~42% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.