WebMar 31, 2024 · As part of the transaction, Shell has also repaid Volta's 3rd party debt of USD $11 million. Shell also provided USD $20 million in subordinated secured term loans to Volta to support Volta's balance sheet and bridge Volta through the closing of the transaction. As of the closing of the merger, Volta is a member of the Shell Group.
Investors Unhappy with Shell and Volta Acquisition
WebJan 18, 2024 · January 18, 2024 - 8:00 am. Shell to Acquire Volta in All-Cash Transaction Valuing Volta at Approximately $169 Million. NEW YORK Volta Inc. (NYSE: VLTA) today announced the execution of a definitive merger agreement under which Shell USA Inc., a subsidiary of Shell plc (NYSE: SHEL), will acquire Volta in an all-cash transaction valued at … WebJan 18, 2024 · Shell announced in a press release that it has signed an agreement to acquire 100% of outstanding Volta shares for $169 million, a deal that will give it total control of the company and its EV ... birchbox makeup samples wrong color
Shell USA, Inc. finalizes acquisition of Volta Inc., scaling up its U.S ...
WebJan 18, 2024 · NEW YORK, January 18, 2024--Volta Inc. (NYSE: VLTA) today announced the execution of a definitive merger agreement under which Shell USA Inc., a subsidiary of Shell plc (NYSE: SHEL), will acquire Volta in an all-cash transaction valued at approximately $169 million. The transaction brings Volta's powerful dual charging and media network to … WebMar 31, 2024 · HOUSTON, TX — Shell USA, Inc., a subsidiary of Shell plc, has completed the previously announced acquisition of Volta Inc. (Volta) in an all-cash transaction valued at approximately USD $169 million. With this acquisition, Shell now owns and operates one of the largest public electric vehicle (EV) charging networks in the U.S. The closing of the … WebJan 19, 2024 · Published On Jan 19, 2024 at 01:33 PM IST. Volta Inc said on Wednesday that a unit of Shell Plc would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million. Shell USA Inc will acquire all outstanding shares of Class A common stock of Volta for 86 cents apiece in a deal that is expected to ... dallas cowboys december 28 1975