The Iberdrola Offer is unconditional and is now scheduled to close at 7.00pm on 7 August 2020 (unless extended). Infigen Security Holders that have or do accept the Iberdrola Offer during the Iberdrola Offer Period will be sent the Iberdrola Offer Price per Infigen Stapled Security within 5 business days of the date on which the acceptance is received (or within 5 business days of today if they have already accepted).
Iberdrola needs another 33,000,000 shares to gain control and from what I've worked out they currently own 445,860,000 shares and need to get over 478,300,000 to gain majority and there is only about 13m shares on screen between 92c - 95c.... does anyone have 20m shares ?
Lets see what happens
IFN Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)