Why Is Allego (ALLG) Stock Up 128% Today?

Group 1 - Allego has confirmed a deal with Meridiam to acquire all outstanding shares of its stock for $1.70 each, representing a 131% premium over the previous closing price of 74 cents per share [1] - Following the tender offer, Allego will delist its shares from the New York Stock Exchange, and investors who do not tender their shares will remain investors in the delisted company [1] - Meridiam's director, Emmanuel Rotat, expressed confidence that operating as a private entity with Meridiam as the majority shareholder will position Allego for its next phase of growth [1] Group 2 - The tender offer from Meridiam is expected to close in the third quarter of the year, with no minimum shareholder or regulatory approval required [2] - As of Monday morning, ALLG stock has increased by 127.9%, with approximately 7.6 million shares traded, significantly higher than the daily average trading volume of about 447,000 shares [2]