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IBDRY Iberdrola SA (PK)

53.78
1.05 (1.99%)
15 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Iberdrola SA (PK) USOTC:IBDRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  1.05 1.99% 53.78 53.28 54.00 53.90 53.51 53.61 27,622 21:02:22

Iberdrola Raises Offer Price in Takeover Bid for Infigen Energy

22/07/2020 7:35am

Dow Jones News


Iberdrola (PK) (USOTC:IBDRY)
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   By Giulia Petroni 
 

Iberdrola SA said Wednesday that it increased its offer in a takeover bid for Infigen Energy Ltd and Infigen Energy RE Ltd.

The Spanish utility company said it would offer 92 Australian cents ($0.66) per stapled security to acquire Infigen, up from AUD0.89 previously.

The increase is conditional on Iberdrola Renewables Australia receiving acceptances of its offer for at least a further 13% of Infigen's stapled securities by July 30.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

July 22, 2020 02:20 ET (06:20 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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