Volta Inc. VLTA stock jumped 4.5% in premarket trades after the electric-vehicle charging network technology company agreed to be acquired by Shell USA Inc. SHEL for $169 million. Shell USA will acquire all outstanding shares of Volta for 86 cents a share, an 18% premium from the Jan. 17 closing price. Goldman Sachs & Co. LLC and Barclays Capital Inc. are serving as advisers to Volta. The move will help Shell accelerate decarbonization of the transportation sector, Volta noted in a press release. Volta went public in August 2021, as part of its merger with SPAC Tortoise Corp II.
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