Buller Electricity to team up with Pioneer Generation in Pulse takeover bid

Thu, 17 Sep 2015

By Paul McBeth Sept. 18 (BusinessDesk) - Lines companies Buller Electricity and Pioneer Generation plan to mount a takeover of electricity retailer Pulse Energy, though haven't settled on an offer price yet. Pulse Energy was told by its 56 percent shareholder Buller Electricity that the West Coast-based lines company will team up with Otago-based Pioneer to buy the remaining Pulse shares in a formal takeover, the NZAX-listed company said in a statement before its annual meeting today. The non-binding agreement is subject to due diligence...

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