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The deal is expected to close by the fourth quarter of 2022 and have already been unanimously approved by the SJI board. Under the term of the deal, IIF will pay $36 for each SJI share owned, equal to a premium of 46.3% over the stock's 30-day volume weighted average price as of Wednesday's close. said Thursday it has entered an agreement to be acquired by the Infrastructure Investments Fund, a private vehicle, in a deal with an enterprise value of about $8.1 billion. UPDATE: South Jersey Industries shares soar 47% premarket on news of $8.1 billion acquisition by Infrastructure Investments Fund The stock, which had tumbled 19.6% over the past five sessions, has plunged 35.9% over the past three months, while the S&P 500 has lost 10.1%. for 2022, the company expects to deliver 300 to 500 production Nikola Tre BEVs to customers.
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17, as part of a three-month pilot program, and said it expects to begin series production of the Tre on March 21. The company said delivered two Nikola Tre battery-electric vehicles (BEVs) on Dec. The FactSet consensus for revenue was $2.3 million. Excluding nonrecurring items, the adjusted per-share loss widened to 23 cents from 17 cents, but was narrower than the FactSet loss consensus of 32 cents. The net loss widened to $90.4 million, or 39 cents a share, from $65.5 million, or 38 cents a share, in the year-ago period.
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sank 6.2% toward a record low in premarket trading, putting them on track to suffer a sixth-straight loss, after the electric vehicle maker reported a narrower-than-expected loss but surprisingly did not record any revenue. Nikola's stock sinks toward a record low after losses widen, but beat expectations