EVgo rallies on buyout offer from LS Power

Evgo

Mon 14:06

** Shares of electric-vehicle charging company EVgo EVGO.O rise 45.2% to $1.83 premarket
** Stock on track for its biggest one-day rise since October 2024, if gains hold
** Co to be acquiredby private co LS Power Equity Advisors - SEC filing showed
** LS Power owns about 178 million EVGO shares, holding 56% of voting securities 
** Proposes to acquire EVGO for $2 per share in cash 
** As of last close, stock down 56.7% YTD

(Reporting by Anand Gopal in Bengaluru)
((AnandGopal.R@thomsonreuters.com))