Atlantica Sustainable Infrastructure Enters Deal To Be Acquired By Energy Capital Partners And Co-Investors For $22 Per Share In Cash; Transaction Values Atlantica At An Equity Value Of ~$2.555B
Portfolio Pulse from Benzinga Newsdesk
Atlantica Sustainable Infrastructure (AY) has entered into a deal to be acquired by Energy Capital Partners and co-investors for $22 per share in cash, valuing the company at approximately $2.555 billion. The purchase price represents an 18.9% premium to Atlantica's closing share price on April 22, 2024.
May 28, 2024 | 10:45 am
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Atlantica Sustainable Infrastructure (AY) is set to be acquired by Energy Capital Partners and co-investors for $22 per share, an 18.9% premium to its last closing price. The deal values AY at approximately $2.555 billion.
The acquisition deal at a premium price is likely to boost investor confidence and drive up AY's stock price in the short term. The premium of 18.9% over the last closing price indicates a positive valuation by the acquiring parties.
CONFIDENCE 100
IMPORTANCE 100
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