Buller Electricity ends lock-up deals in prospective Pulse takeover bid

Mon, 26 Oct 2015

By Paul McBeth Oct. 27 (BusinessDesk) - Buller Electricity, the West Coast-based lines company, has discontinued lock-up agreements with Pulse Energy security holders ahead of a potential takeover bid, saying they should be able to read the independent adviser's report before making a decision. The lines company, which owns 56 percent of Pulse, expects to send a takeover notice next week, and won't enforce any lock-up agreements it had previously received from the electricity retailer's security holders, Pulse said in a statement. Buller...

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