Tilt offer won't be increased - Infratil, Mercury

Mon, 08 Oct 2018

By Gavin Evans Oct. 9 (BusinessDesk) - Infratil and Mercury NZ say their offer for Tilt Renewables is attractive given the increased regulatory risk in the sector and will not be increased. The companies today extended the deadline for the offer by two weeks to Oct. 29. Infratil is offering $2.30 a share for the 22 percent of Tilt the pair do not already own. That price is "final and will not be increased." The pair say the offer is fair compensation for the value of Tilt’s existing business and its development pipeline, including the...

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