ArcLight Clean Transition Corp. (ACTC) to Combine with Proterra in $1.6Bn Deal

ArcLight Clean Transition Corp. (NASDAQ:ACTC) has entered into a definitive combination agreement with electric vehicle (EV) manufacturer Proterra in a deal giving the merged entity an enterprise value of $1.6 billion. Proterra designs and manufactures zero-emission electric buses as well as battery and drivetrain components for commercial electric vehicles like construction equipment and heavy trucks.
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