CIIG Merger Corp. (CIIG) to Combine with Arrival in $5.4Bn Deal

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CIIG Merger Corp. (CIIG) to Combine with Arrival in $5.4Bn Deal

CIIG Merger Corp. (NASDAQ:CIIG) announced this morning it has signed a definitive merger agreement with electric vehicle (EV) manufacturer Arrival that would give it an enterprise value of about $5.4 billion. Arrival makes zero-emission buses and vans designed for public transit and commercial fleets, such as that of parcel delivery service UPS, which has ordered
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