Altus Power (AMPS) said Wednesday that its stockholders voted to approve the previously announced acquisition by TPG (TPG) through its TPG Rise Climate Transition Infrastructure strategy.
The deal values Altus Power at about $2.2 billion, including outstanding debt, the company said in February.
Under terms of the merger agreement, stockholders will receive $5 in cash per share, without interest and minus any applicable withholding taxes, the company said.
The transaction is expected to close on April 16.
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.