April 16 (Reuters) - Tilt Renewables Ltd (TLT) :
- ANNOUNCES INCREASE IN SCHEME CONSIDERATION TO NZ$8.10 PER SHARE
- AMENDED SCHEME IMPLEMENTATION AGREEMENT WITH POWERING AUSTRALIAN RENEWABLES AND MERCURY NZ
- INCREASED CONSIDERATION OF NZ$8.10 PER SHARE VALUES CO AT AN EQUITY VALUE OF NZ$3,070 MILLION AND AN ENTERPRISE VALUE OF NZ$3,238 MILLION
- HAS AGREED TO A NUMBER OF AMENDMENTS TO ORIGINAL SIA
- AMENDMENTS TO ORIGINAL SIA INCLUDE REMOVING CO'S ABILITY TO PROGRESS ANY COMPETING PROPOSAL
- MERCURY HAS ISSUED A STATEMENT CONFIRMING ITS VOTING INTENTIONS IN RESPECT OF SCHEME
- NON-CONFLICTED DIRECTORS INTEND TO VOTE IN FAVOUR OF SCHEME AND RECOMMEND OTHER SHAREHOLDERS ALSO VOTE IN FAVOUR
- IF APPROVED, SCHEME IS EXPECTED TO BE IMPLEMENTED IN AUGUST
News: AGL Tilt Renewables Says Takeover Offer For Co Raised To NZ$8.10/Share
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