BUZZ-B Riley downgrades Cool Company following EPS Ventures cash offer
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Shares of liquefied natural gas transporter Cool Companyup 20.4% at $9.36 after company said EPS Ventures will acquire its remaining 40.7% outstanding shares for $520 millionCo’s shares have steadily recovered from early Q2 troughs as rates improved off a deep bottom during a period of seasonal weaknessThe deal, which is expected to close in the fourth quarter of 2025 or first quarter of 2026, represents a 26% premium to the company’s last close on September 22Including session’s moves, CLCO up 17.5% YTD
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