So the Iberdrola book says they currently own 20% of stapled securities, and they have a pre-bid agreement with TCI to pick up 20% of total shares from them. so up to 40% at time of writing the book. And IFN board 100% recommends accepting UAC. Guess this is a hostile takeover attempt by Iberdrola.
The book also says that if they hit 90% and they can then do a compulsory acquisition of remaining 10%, then they will buy at the bid price, ie 89c currently. So no downside to holding on, only a delay in receiving the money.
So the Iberdrola book says they currently own 20% of stapled...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.20 |
Change
0.000(0.00%) |
Mkt cap ! $162.1M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.20 | $1.20 | $12.63K | 10.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2420 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 14668 | 1 |
View Market Depth
| Last trade - 14.54pm 25/07/2025 (20 minute delay) ? |
| IFN (ASX) Chart |