Infratil tries to gee up Tilt acceptances as offer deadline nears

Tue, 27 Nov 2018

By Jenny Ruth Nov. 27 (BusinessDesk) - With three days to go before its takeover offer for Tilt Renewables expires, Infratil says full privatisation is “almost inevitable” now that it owns 85 percent of the company. Infratil is also warning shareholders who don’t wish to participate in Tilt’s upcoming A$280 million rights issue that, if Infratil doesn’t get to 90 percent acceptances, the value of their rights could end up selling at a significant discount. Infratil's $2.30 per share offer values Tilt at almost $720 million, a price the...

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