King Country Energy independent committee recommends shareholders accept takeover offer

Sun, 07 Jan 2018

By Tina Morrison Jan. 8 (BusinessDesk) - King Country Energy, the leading electricity generator and retailer in the King Country, Waitomo and Ruapehu regions, said its independent committee recommends shareholders accept a joint venture takeover offer. The energy company's two largest shareholders, Tauranga-based Trustpower, which owns 65 percent, and King Country Electric Power Trust, which owns 19.98 percent, have teamed up to offer $5 a share for the remaining shares which trade on the Unlisted platform. An independent committee of...

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