oil & gas assets
You have accessed this news story:

CM - SPAC Tortoise shedding midstream shell for powertrain maker - June 2020



Feed Icon
Special-purpose acquisition company Tortoise Acquisition Corp., which intended to buy a midstream or water company when it went public in March 2019, has gone in a different direction. The blank-check company announced an agreement to purchase Hyliion Inc., a Pittsburgh-based maker of Class 8 electric powertrains for long-haul trucks. The deal places the combined companies’ value at over $1.5 billion, assuming no Tortoise public shareholders exercise their redemption rights. Upon completion of the transaction,......
 
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed







Sign up for PLS Reports
& Web Access!


Already subscribed to Reports?
Sign up for Web Access!
Search For More News