🟢 Vertiv is trading 4.2% up today after agreeing to acquire UtilityInnovation Group

Vertiv is trading 4.2% up at $292.32 as investors respond to its September 2 agreement to acquire UtilityInnovation Group.

• Deal terms: $1.45 billion upfront, up to $1.15 billion in earnouts; expands AI-data-center power into microgrids, grid interconnects, onsite generation and advanced controls; expected earnings-accretive in year one.
• Executives are scheduled for Goldman Sachs’s technology conference on September 8.
• Broader markets are lower; elevated trading extends the rally after advances of 4.35% on September 4 and 4.73% on September 3, primarily company-specific.