SHEL Shell Plc

2,895.00

36.50 (1.28%)

07 May 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Shell Plc	LSE:SHEL	London	Ordinary Share	GB00BP6MXD84	ORD EUR0.07

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	36.50	1.28%	2,895.00	2,897.00	2,898.00	2,912.00	2,881.50	2,889.00	13,540,405	16:35:24

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Crude Petroleum & Natural Gs	316.62B	19.36B	2.9802	9.72	188.22B

Shell USA Buying Volta in $169 Million Deal

18/01/2023 1:43pm

Dow Jones News

Shell (LSE:SHEL)
Historical Stock Chart

From May 2022 to May 2024

By Chris Wack

Volta Inc. said Wednesday that it is being bought by Shell USA Inc., a subsidiary of Shell Plc, in an all-cash transaction valued at $169 million.

Volta shares were halted at 75 cents a share in premarket trading.

Under the terms of the deal, Shell USA Inc. will buy all outstanding shares of Volta for 86 cents a share, an 18% premium to the closing price of Volta stock on Tuesday.

As part of the agreement, an affiliate of Shell will provide subordinated secured term loans to Volta to bridge Volta through the closing of the transaction.

The transaction is expected to close in the first half of 2023. Upon closing of the transaction, Volta's Class A stock will no longer be listed on any public market.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 18, 2023 08:28 ET (13:28 GMT)