** Shares of solar firm Altus Power AMPS.N rise 28.2% to $4.9 premarket
** Buyout firm TPG's TPG.O climate investment arm to acquire Altus Power for $2.2 billion in an all-cash transaction
** AMPS says TPG will acquire company for $5.00 per share
** Purchase price represents a 66% premium to AMPS's closing price on October 15, 2024, the last trading day before the company said it would review strategic alternatives
** Transaction is expected to close in Q2
** Until last close, AMPS fell 5.9% YTD
(Reporting by Pooja Menon in Bengaluru)
((Pooja.Menon@thomsonreuters.com;))
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