Enovix to buy South Korean battery maker in cash and stock deal

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Enovix to buy South Korean battery maker in cash and stock deal
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Shares of Enovix Corp. rose more than 1% in the extended session Wednesday after the battery maker said it has agreed to buy privately held Korean battery...

Shares of Enovix Corp.

rose more than 1% in the extended session Wednesday after the battery maker said it has agreed to buy privately held Korean battery maker Routejade in a cash and stock deal. Enovix will pay $16.5 million in cash and about 6.2 million of its shares for the company.

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