Nikola to acquire battery pack supplier Romeo Power in $144 million deal

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Electric heavy truck maker Nikola said Monday that it struck a $144 million deal to acquire battery pack supplier Romeo Power, giving the company control over a key part of its supply chain. The all-stock transaction values Romeo at 74 cents per share, a 34% premium to Romeo's closing price Friday. Romeo's shares were up about 23% to 68 cents in premarket trading after the news was released. As ...

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