Vertiv shares jump after deal announced to buy UtilityInnovation Group
Vertiv shares rose 4.6% in the afternoon session after the company announced an agreement to acquire UtilityInnovation Group for approximately $1.45 billion in cash at closing.
What Happened? Shares of data center products and services company Vertiv NYSE:VRTjumped 4.6% in the afternoon session after the stock continued to rally as the company announced an agreement to acquire UtilityInnovation Group for approximately $1.45 billion in cash at closing to accelerate power d…