Stem, Inc. (STEM) shares are trading up on Thursday morning after the company announced an agreement to acquire Clairvest Equity Partners V and other shareholders of Also Energy Holdings Inc. for $695 million. Clairvest said it will realize total sale proceeds of approximately $350 million. The proposed transaction is expected to close in the first quarter of 2022.

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Stem, Inc. (STEM) shares are trading up on Thursday morning after the company announced an agreement to acquire Clairvest Equity Partners V and other shareholders of Also Energy Holdings Inc. for $695 million. Clairvest said it will realize total sale proceeds of approximately $350 million. The proposed transaction is expected to close in the first quarter of 2022.

RTTNews | Dec 16, 2021 10:13AM EST

10:12 Thursday, December 16, 2021 (RTTNews.com) - Stem, Inc. (STEM) shares are trading up on Thursday morning after the company announced an agreement to acquire Clairvest Equity Partners V and other shareholders of Also Energy Holdings Inc. for $695 million. Clairvest said it will realize total sale proceeds of approximately $350 million. The proposed transaction is expected to close in the first quarter of 2022.

Currently, Stem is trading at $18.58, up 4.07 percent from the previous close of $17.92 on a volume of 813,538. For the 52-week period, the shares have traded in a range of $16.00-$51.49 on average volume of 3,149,284.

Read the original article on RTTNews ( https://www.rttnews.com/3249975/stem-gains-on-agreement-to-acquire-clairvest-equity-also-energy.aspx)

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