Infratil says Tilt offer 'more than fair' after directors reject takeover bid

Wed, 05 Sep 2018

By Sophie Boot Sept. 6 (BusinessDesk) - Infratil says the $208.5 million takeover offer for Tilt Renewables it's leading is "fair and reasonable" after Tilt's independent directors recommended shareholders reject the deal as being too low. Infrastructure investment company Infratil owns 51 percent of the Melbourne-based wind and solar developer. Last month it announced it was partnering with power company Mercury NZ, which in May acquired almost 20 percent of Tilt's shares from Tauranga Energy Consumer Trust, to buy out the rest at $2.30...

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