Trustpower offers 'fair price' for King Country Energy 'bolt-on', investor says

Tue, 03 Nov 2015

By Sophie Boot Nov. 3 (BusinessDesk) - Trustpower has offered a "fair price" in its $126.6 million takeover of King Country Energy, a bolt-on acquisition that will lift the utility company's customer base by about 7 percent and adding significant electricity generation capacity, investors say. The Tauranga-based utility company will pay $5 a share in cash in a full takeover offer for King Country Energy, provided it gets at least 70.2 percent of the company, or a lower price of $4.78 a share if it falls short of that mark, it said in a st...

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