ALLETE stock leaves NYSE after USD 67 cash merger

ALLETE stock left the NYSE after the company completed a cash acquisition at USD 67 per share on December 15, 2025. The transaction removed the listed shares and shifted the company from a public utility investment to a private ownership structure.

USD 67 payout sets the value

ALLETE entered the acquisition agreement in May 2024, with the announced consideration fixed at USD 67 per share. The company states that shareholders approved the deal and that federal and state regulatory approvals were completed before the transaction closed on December 15, 2025, according to ALLETE.

The cash consideration provides a clear historical benchmark for the former ALE security. A USD 67.00 payout also means that investors received a fixed amount per share rather than continuing exposure to daily utility-sector trading.

Historical quote exceeded payout

A historical quote of USD 67.90 on December 12, 2025, stood USD 0.90, or 1.3 percent, above the USD 67.00 merger consideration. The comparison reflects the final trading period before the transaction closed, rather than an ongoing public-market valuation.

Robinhood's corporate-action record describes the ALLETE transaction as a cash merger and says the shares were removed while shareholders received USD 67.00 per share, according to Robinhood. The former ticker ALE therefore serves as a historical identifier for the public listing, not as an active exchange quotation.

Public listing ends after closing

ALLETE's public-market chapter lasted through the closing date of December 15, 2025, when the acquisition converted the company into a private business. The transaction's USD 67 per share value remains the central reference for former shareholders reviewing the completed deal.