Infratil extends Tilt takeover offer for last time

Tue, 13 Nov 2018

By Jenny Ruth Nov. 14 (BusinessDesk) - Infratil has extended its takeover offer for Tilt Renewables until the end of the month in a final attempt to garner the 90 percent stake it needs to compulsorily acquire the remaining shares. The $2.30 per share offer had been due to expire today and Infratil says it has now reached 84.4 percent acceptances. Tilt chief executive Deion Campbell has already said that Infratil’s takeover offer has delayed the planned A$280 million rights issue needed to help finance the company's A$560 million Dundo...

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