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Rice Acquisition Corp. II (RONI) to Combine with NET Power in $1.5Bn Deal

Rice Acquisition Corp. II (RONI) to Combine with NET Power in $1.5Bn Deal

Rice II (NYSE:RONI) has entered into a definitive agreement to combine with clean natural gas producer NET Power at an enterprise value of $1.49 billion. Durham, North Carolina-based NET Power has developed technology to create natural gas-fired plants that capture nearly 100% of their potential CO2 emissions. The combined company is expected to trade on
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