IFN infragreen group limited

Ann: Infigen Announces Recommended Takeover Offer from Iberdrola, page-24

  1. MJS
    2,294 Posts.
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    Seems a sensible strategic move to me.

    Essentially the auctioneer saying "we're on the market and will be sold" with the TCI arrangement meaning a 2 month timeframe for better or best offer to come forward. Will flush out others bidders if they have interest in the assets at higher prices.

    2 bidders at present. The highest bid, whatever that ends up being, will be what market price is for these assets.
 
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