Allego Moves Towards Privatization Post-Tender Offer

Allego (ALLG) has released an update.

Allego N.V., together with its majority shareholder Meridiam, announced the successful completion of a cash tender offer for the outstanding ordinary shares of Allego. As a result, Meridiam now owns approximately 86.6% of Allego and plans to delist the company from the New York Stock Exchange to focus on long-term financial improvements away from the public market’s short-term expectations. Allego, a leader in electric vehicle charging solutions, is progressing towards privatization to enhance operating flexibility and performance.

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