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Infigen Energy Targets Statement in Response to the Iberdrola Offer

03 Jul 2020  |  08:08:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: IFN Targets Statement in response to the Iberdrola Offer

Infigen Energy released its Target's Statement in respect of the off market takeover offer from Iberdrola Renewables Australia (Iberdrola) at 89c per Company Stapled Security (Iberdrola Offer). The Target's Statement sets out the Company's Board's reasons for unanimously recommending that Security Holders ACCEPT the Iberdrola Offer, in the absence of a proposal. In making this recommendation, the Board noted that the Iberdrola Offer price of 89c per Company Stapled Security (Stapled Security) represents an attractive premium to the historical trading price of Stapled Securities prior to the announcement of the UAC Offer on 3 June 2020.

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