Occidental-backed NET Power combining with Rice Acquisition Corp. II

Rice Acquisition Corp. II said Wednesday it will combine with NET Power LLC in a deal valued at about $1.46 billion. The company will be named NET Power Inc. for trading on the NYSE under the symbol NPWR after it closes as expected in the second quarter. NET Power CEO Ron DeGregorio will be succeeded by Danny Rice, current director of RAC II and former CEO of Rice Energy Inc. NET Power plans to commercialize its technology for cleaner and low-cost power from natural gas.

II RONI said Wednesday it will combine with NET Power LLC in a deal valued at about $1.46 billion. The company will be named NET Power Inc. for trading on the NYSE under the symbol NPWR after it closes as expected in the second quarter. NET Power CEO Ron DeGregorio will be succeeded by Danny Rice, current director of RAC II and former CEO of Rice Energy Inc. NET Power plans to commercialize its technology for cleaner and low-cost power from natural gas.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Chad contests Savannah Energy acquisition of Exxon Mobil assetsChad may ask its courts to block Savannah Energy's purchase of Exxon Mobil Corp's assets in the country, saying the final terms of the deal were substantially different from what had been presented to it a year ago.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

Item 9 Labs cuts costs before Sessions Cannabis acquisition - Phoenix Business JournalThe Phoenix cannabis company's new CEO said the changes make the company ready for rapid expansion as it enters its first international market with an acquisition in Canada.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »

Amgen agrees to year's largest pharma acquisition with Horizon buyAmgen has agreed to buy rare disease drugmaker Horizon Therapeutics for $27.8 billion in cash, making the acquisition the largest pharma merger of the year. Cash? Fr fr? Physical cash?…
Источник: axios - 🏆 302. / 63 Прочитайте больше »

Item 9 Labs cuts costs before Sessions Cannabis acquisition - Phoenix Business JournalThe Phoenix cannabis company's new CEO said the changes make the company ready for rapid expansion as it enters its first international market with an acquisition in Canada.
Источник: phxbizjournal - 🏆 254. / 63 Прочитайте больше »