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Nikola to acquire battery pack supplier Romeo Power
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<blockquote data-quote="admin" data-source="post: 187" data-attributes="member: 1"><p> <ul> <li data-xf-list-type="ul">Nikola has agreed to acquire Romeo Power in a $144 million all-stock transaction.</li> <li data-xf-list-type="ul">The move will increase Nikola’s vertical integration and is expected to result in significant savings over the next few years.</li> </ul><p>The all-stock transaction values Romeo at 74 cents per share, a 34% premium to Romeo’s closing price Friday. Romeo’s shares were up about 23% to 68 cents in premarket trading after the news was released. -CNBC</p></blockquote><p></p>
[QUOTE="admin, post: 187, member: 1"] [LIST] [*]Nikola has agreed to acquire Romeo Power in a $144 million all-stock transaction. [*]The move will increase Nikola’s vertical integration and is expected to result in significant savings over the next few years. [/LIST] The all-stock transaction values Romeo at 74 cents per share, a 34% premium to Romeo’s closing price Friday. Romeo’s shares were up about 23% to 68 cents in premarket trading after the news was released. -CNBC [/QUOTE]
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Nikola to acquire battery pack supplier Romeo Power
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