Altus Power shareholders approve agreement to be acquired by TPG

Altus Power (AMPS) announced that, at a special meeting of the stockholders held earlier, Altus Power’s stockholders voted to adopt the previously announced definitive agreement for Altus Power to be acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy, and to approve the transactions contemplated thereby. As previously announced, subject to the terms and conditions of the merger agreement, Altus Power stockholders will receive $5.00 in cash, without interest and minus any applicable withholding taxes, for each share of Altus Power Class A common stock owned immediately prior to the effective time of the merger, if completed. Completion of the transaction is expected to occur on April 16, subject to the satisfaction of customary closing conditions.