Bullish indicating open at $55-$60, IPO prices at $37
Atlas (NYSE:ATCO) Energy Solutions said it will acquire Moser Acquisition, a company specializing in distributed power solutions, in a deal valued at $220 million.
The purchase price is to be paid with $180 million in cash and 1.7 million shares of Atlas Energy stock. However, Atlas retains the option to pay entirely in cash if it chooses, with the final mix of payment to be determined at the closing of the transaction.
The acquisition is anticipated to have an immediate positive impact on Atlas Energy's financials, a term referred to as being accretive.
Atlas Energy is positioning the deal as a strategic move that will enhance its offerings in the power solutions sector.
The closing of the acquisition is scheduled to occur before the end of the first quarter of 2025.
In related financial news, Atlas Energy has projected a significant increase in its fourth-quarter revenue. The company expects to report revenue between $270 million and $272 million, which represents a substantial rise from the $141.1 million reported in the same quarter of the previous year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.