EVgo rallies on buyout offer from LS Power
EVGO•EVgo shares rose 45.2% to $1.83 premarket after LS Power proposed to acquire the company for $2 per share in cash. LS Power owns about 178 million shares, representing 56% of EVgo’s voting securities.
1. Cash offer proposed
LS Power proposed to acquire EVgo for $2 per share in cash, an SEC filing showed. The private company owns about 178 million EVgo shares, holding 56% of its voting securities. EVgo shares rose 45.2% to $1.83 premarket and were on track for their biggest one-day gain since October 2024, if the gains held.
