AEA-Bridges SPAC Shares Touch All-Time Low Ahead of Merger

Dow Jones2022-09-22
 

By Will Feuer

 

Shares of AEA-Bridges Impact Corp., a special-purpose acquisition company, notched an all-time low in Wednesday trading, days before it is slated to merge with LiveWire Group Inc., the electric-motorcycle division of Harley-Davidson Inc.

Shares of AEA-Bridges fell more than 11% in midday trading to $8.63 a share.

The decline comes days after shareholders of AEA-Bridges voted in favor of the SPAC's merger with LiveWire. On Sept. 16, AEA-Bridges said that with shareholder approval, the merger is expected to be consummated on Sept. 26. Shares of the combined company would begin trading on Sept. 27 under the ticker LVWR, AEA-Bridges said.

Harley-Davidson said in December it would spin off its LiveWire division and merge with AEA-Bridges in a deal that valued the combined company at $1.77 billion.

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

September 21, 2022 12:43 ET (16:43 GMT)

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