June 17 (Reuters) - Infigen Energy (IFN) on Wednesday recommended a A$827.5 million ($569.1 million) buyout bid from Spain's Iberdrola IBE.MC to its shareholders, and urged them to reject an earlier offer from Philippine conglomerate Ayala Corp AC.PS .
Iberdrola will pay A$0.86 a share for the Australian renewables company, a 7.5% premium to Ayala's offer price and an almost 5% premium to the stock's Tuesday close.
($1 = 1.4541 Australian dollars)
News: IFN Australia's Infigen backs $569 mln offer from Spain's Iberdrola
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Last
$1.16 |
Change
-0.028(2.32%) |
Mkt cap ! $156.7M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.19 | $1.14 | $64.98K | 55.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 49361 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 5000 | 1 |
View Market Depth
| Last trade - 15.41pm 26/08/2025 (20 minute delay) ? |
| IFN (ASX) Chart |