Altus Power, Inc. (NYSE:AMPS) Shareholder Sale and Acquisition News

• NORELL LARS sold 1,447,611 shares of Altus Power, leaving him with 6,476,118 shares.
• The Schall Law Firm is investigating potential breaches of fiduciary duty by Altus Power's management.
• Altus Power announced a definitive agreement to be acquired by TPG for $5.00 per share, valuing the company at approximately $2.2 billion.

Altus Power, Inc. (NYSE:AMPS) is a company involved in providing clean energy solutions, primarily focusing on solar power. It operates in a competitive market with other renewable energy firms. Recently, NORELL LARS, a significant shareholder, sold 1,447,611 shares of Class A Common Stock at $4.86 each. This transaction leaves LARS with 6,476,118 shares.

The sale by NORELL LARS comes at a time when Altus Power is under scrutiny. The Schall Law Firm is investigating potential breaches of fiduciary duty by the company's directors and management. This investigation seeks to determine if the board has failed in its responsibilities to shareholders, as highlighted by The Schall Law Firm.

In a significant development, Altus Power has announced a definitive agreement to be acquired by TPG. The acquisition is valued at $5.00 per share, valuing the company at approximately $2.2 billion, including outstanding debt. This acquisition price is slightly above the current stock price of $4.86, which has seen a minor decrease of 0.31% or $0.015.

The stock price of AMPS has fluctuated, trading between $4.86 and $4.87 today. Over the past year, the stock has experienced a high of $7.28 and a low of $2.71. The company's market capitalization is approximately $776.8 million, with a trading volume of 5,023,785 shares on the NYSE.