Altus power announces agreement to be acquired by tpg

Stamford, conn.--(business wire)--altus power, inc. (“altus power” or the “company”) (nyse: amps), the largest owner of commercial-scale solar in the us, today announced it has entered into a definitive agreement to be acquired by tpg through its tpg rise climate transition infrastructure strategy for $5.00 per share of its class a common stock in an all-cash transaction that values the company at approximately $2.2 billion, including outstanding debt. upon completion of the transaction, altus.
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