Allego (ALLG) has released an update.
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Allego N.V. has entered into a Transaction Framework Agreement with Madeleine Charging B.V. and Meridiam Fund IV for a strategic acquisition. Under the terms, Madeleine Charging will tender an offer to buy all Allego shares not already held by its affiliates for $1.70 each, providing shareholders with an exit opportunity. The deal also involves delisting Allego’s shares from the NYSE and additional financial contributions from Meridiam Fund IV post-delisting.
For further insights into ALLG stock, check out TipRanks’ Stock Analysis page.
