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Infigen Energy Recommends Takeover Offer from Iberdrola

30 Jun 2020  |  09:43:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: IFN Recommends Takeover Offer from Iberdrola

Infigen Energy received notice that Iberdrola Renewables Australia (Iberdrola) has waived the conditions of its off-market takeover bid (Iberdrola Offer), excluding the condition that Iberdrola receive approval from Australia's Foreign Investment Review Board (FIRB) to acquire all of the Company Stapled Securities and the minimum acceptance condition that Iberdrola acquire of more than 50% of the Company Stapled Securities (on a fully diluted basis). The Board unanimously recommended that Company Security Holders accept the Iberdrola Offer in the absence of a superior proposal.

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