Spanish-owned Iberdrola make an offer for Infigen (ASX:IFN)

17Jun

Spanish-owned Iberdrola make an offer for Infigen (ASX:IFN)

 

Infigen (ASX:IFN) has today entered into a Bid Implementation Agreement with Iberdrola Renewables Australia under which they will make an offmarket takeover bid for Infigen at a price of 86 cents per stapled security in cash.

Iberdrola’s takeover offer price represents a 69.8 per cent premium to the three month volume weighted average price of Infigen stapled securities prior to the announcement of a takeover offer by UAC Energy Holdings two weeks ago and is at a 7.5 per cent premium to the UAC offer.

Iberdrola is a global energy leader, the number-one producer of wind power, and one of the world's biggest electricity utilities by market capitalisation.

Shares in Infigen (ASX:IFN) are trading 9.2 per cent higher at $0.90.
 
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

17Feb

Atlas Arteria (ASX:ALX) receives anti-trust clearance

17 Feb 2020 - Atlas Arteria (ASX:ALX) is pleased to announce that anti-trust clearance from the European Commission and foreign investment control clearance from the French Ministry of the Economy have now been obtained.

Read More
29Jul

St Barbara Mining (ASX:SBM) Q4 production guidance achieved

29 Jul 2020 - St Barbara Mining (ASX:SBM) announces it has achieved its production guidance for the 2020 financial year following a strong fourth quarter.

Read More
08Sep

Stocks of the Hour: Advanced Share Registry, Magnum Mining & Exploration, Ava Risk Group

08 Sep 2023 - A snapshot of the stocks on the move, featuring Advanced Share Registry (ASX:ASW), Magnum Mining & Exploration (ASX:MGU) and Ava Risk Group (ASX:AVA).

Read More
19Nov

AFT Pharmaceuticals (ASX:AFP) growth continues despite Covid-19

19 Nov 2020 - AFT Pharmaceuticals (ASX:AFP) reports continued growth in revenue and normalised earnings as it benefits from growth across its portfolio of over-the-counter and prescription medicines.

Read More
07Feb

Stocks of the Hour: Sunshine Metals, Noble Helium, Grand Gulf Energy

07 Feb 2024 - A snapshot of the stocks on the move, featuring Sunshine Metals (ASX:SHN), Noble Helium (ASX:NHE) and Grand Gulf Energy (ASX:GGE).

Read More
28Nov

Stocks of the Hour: Namoi Cotton, Imugene, Beston Global Food

28 Nov 2023 - A snapshot of the stocks on the move, featuring Namoi Cotton (ASX:NAM), Imugene (ASX:IMU) and Beston Global Food (ASX:BFC).

Read More
09Aug

Stocks of the Hour: Suncorp, Transurban & Westpac

09 Aug 2021 - A snapshot of some of the news that broke today, featuring Suncorp (ASX:SUN), Transurban Group (ASX:TCL) & Westpac (ASX:WBC).

Read More
05Jan

Biomorphik App integrated with MyFiziqs (ASX:MYQ) is now LIVE

05 Dec 2021 - The Biomorphik App integrated with MyFiziq’s (ASX:MYQ) technology has now been released on both Google Play and Apple Store.

Read More
10Oct

Stocks of the Hour: Artemis Resources, Voltaic Strategic Resources, Archer Materials

10 Oct 2024 - A snapshot of the stocks on the move, featuring Artemis Resources Limited (ASX:ARV), Voltaic Strategic Resources (ASX:VSR) and Archer Materials (ASX:AXE).

Read More
27Aug

Stocks of the Hour: Antilles Gold, Elementos, Sayona Mining

27 Aug 2024 - A snapshot of the stocks on the move, featuring Antilles Gold (ASX:AAU, OTCQB:ANTMF), Elementos (ASX:ELT) and Sayona Mining (ASX:SYA; OTCQB:SYAXF).

Read More