BRIEF-Tortoise Acquisition To Merge With Volta Industries For Pro Forma Enterprise Value Of $1.4 Bln
BRIEF-Tortoise Acquisition To Merge With Volta Industries For Pro Forma Enterprise Value Of $1.4 Bln
Feb 8 (Reuters) - Tortoise Acquisition II Corp :
* VOLTA INDUSTRIES, INC. AND TORTOISE ACQUISITION CORP. II ANNOUNCE PLANNED MERGER COMBINED COMPANY TO REMAIN ON THE NYSE
* TORTOISE ACQUISITION II CORP - PRO FORMA ENTERPRISE VALUE OF THE TRANSACTION IS ESTIMATED TO BE $1.4 BILLION.
* TORTOISE ACQUISITION II CORP - PRO FORMA IMPLIED EQUITY VALUE OF THE COMBINED COMPANY OF OVER $2 BILLION
* TORTOISE ACQUISITION II CORP - COMBINED COMPANY IS EXPECTED TO BE LISTED ON THE NYSE UNDER THE NEW TICKER “VLTA” ONCE TRANSACTION CLOSES.
* TORTOISE ACQUISITION II CORP - THE PIPE IS ANCHORED BY INSTITUTIONAL INVESTORS INCLUDING FUNDS AND ACCOUNTS MANAGED BY BLACKROCK, FIDELITY
* TORTOISE ACQUISITION II CORP - THE COMPANY WILL RECEIVE AN AGGREGATE OF APPROXIMATELY $600 MILLION OF NET PROCEEDS
* TORTOISE ACQUISITION II -EXISTING VOLTA SECURITYHOLDERS WILL ROLL 100% OF THEIR EQUITY & ARE EXPECTED TO OWN ABOUT 64% OF CO UPON TRANSACTION CLOSE
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((Reuters.Briefs@thomsonreuters.com;)
路透2月8日电-乌龟收购II公司(Turtoise Acquisition II Corp)：*Volta Industries，Inc.和乌龟收购公司。II宣布合并计划合并后的公司将继续在纽约证交所上市*乌龟收购II公司-这笔交易的形式企业价值估计为14亿美元。*Turtoise Acquisition II Corp-合并后公司的形式隐含股权价值超过20亿美元*Turtoise Acquisition II Corp-一旦交易完成，合并后的公司预计将在纽约证券交易所(NYSE)上市，新代码为“VLTA”。*Turtoise Acquisition II Corp-管道由机构投资者锚定，包括贝莱德(BlackRock)、富达(Fidelity)管理的基金和账户*乌龟收购II公司-该公司将获得总计约6亿美元的净收益*乌龟收购II-现有的Volta证券持有人将滚动100%的股权，预计交易完成后将拥有CO约64%的股份Source Text()进一步的公司报道：(Reurs.Briefs@thomsonreurs.com；)
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