July 24 (Reuters) - Spain's Iberdrola IBE.MC said on Friday it received further acceptances from shareholders for its takeover of Australian wind and solar firm Infigen Energy (IFN) , meeting a condition that would see the offer price increase by 3 cents.
With the increase announced earlier this week conditional on acceptances of a further 13%, Infigen shareholders will now receive A$0.92 per share from the Spanish utility firm hoping to finalise the deal after a month-long battle with Philippine conglomerate Ayala Corp AC.PS .
The Spanish firm's twice-improve improved offer with the backing of Infigen now stands at A$893.1 million ($634.28 million) and comes around a week after Ayala said it would not improve its bid.
Iberdrola said it now holds 38.06% of Infigen following the 13.5% of acceptances received on Thursday. ($1 = 1.4081 Australian dollars)
News: IFN Iberdrola offer for Australia's Infigen worth $635 mln now after condition met
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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 |
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| Last trade - 14.54pm 25/07/2025 (20 minute delay) ? |
| IFN (ASX) Chart |