no 90% ownership may not be reached... but the implications of the offer reaching 51% are very real... Iberdola have already mentioned their intention to delist if majority reached.
If IFN becomes unlisted... the information trail is greatly reduced, buy/sell/valuation each share will also become much more difficult.
Majority ownership would result in control of the board - control of investment process and also dividend policy
I say this not to scare, but to show that IFN under majority control may become a completely different beast.
News: IFN Infigen Energy Says Unanimously Recommends Security Holders Accept Iberdrola Offer, page-5
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Last
$1.19 |
Change
0.005(0.42%) |
Mkt cap ! $160.8M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.19 | $6.407K | 5.381K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16594 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 18425 | 1 |
View Market Depth
| Last trade - 14.03pm 30/07/2025 (20 minute delay) ? |
| IFN (ASX) Chart |