Why Tortoise Acquisition Stock Is Rising Today
Shares of Tortoise Acquisition (NYSE: SHLL) were rising on Wednesday. The special purpose acquisition company's planned merger with electric semi-drivetrain maker Hyliion appears on track to close by the end of September.
As of 2:00 p.m. EDT, Tortoise's shares were up about 9.3% from Tuesday's closing price.
While Tortoise hasn't yet announced a date for the shareholder vote that will seal its deal to merge with Hyliion, recent filings show that the deal appears to be on track for a vote later this month.
Source Fool.com
