Allego (ALLG) has released an update.
Allego and majority shareholder Meridiam announced plans for Meridiam to launch a tender offer to acquire all outstanding Allego shares, followed by a voluntary delisting from the New York Stock Exchange. Shareholders not participating in the offer will remain investors in the now-private company. The offer price of USD 1.70 per share is a significant premium over recent trading prices, and Meridiam is committed to providing EUR 356 million to support Allego’s growth in electric vehicle charging infrastructure.
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