Sharechat Logo

Trustpower Limited (NZX: TPW) Australian Super Approach to Acquire 100% of Infratil Ltd

Wednesday 9th December 2020

Text too small?

Trustpower Limited is aware from the media and Infratil Limited’s release to the NZX earlier today that Australian Super has approached Infratil with a view to acquiring a 100% interest in Infratil.

Infratil has rejected the approach. There has been no approach by Australian Super to Trustpower.

However, if the transaction is implemented as reported Infratil’s shares in Trustpower would be distributed pro rata to the Infratil shareholders. That would mean that no takeover offer or similar scheme of arrangement would directly apply to Trustpower.

Trustpower notes that the terms of Australian Super’s proposal, or Infratil’s response, may change and that may cause different implications for Trustpower’s shareholders.

Trustpower suggests that its shareholders keep abreast of future announcements from Infratil. Trustpower won’t be making further comment at this time.

See the link below for more details:

Australian Super Approach to Acquire 100% of Infratil Limited.pdf

Source: Trustpower Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report