Norway's Elmera jumps on Audax takeover proposal, higher rival approach
BUZZ-Norway's Elmera jumps on Audax takeover proposal, higher rival approach ** Shares in Elmera Group ELMRA.OL rise about 39% after Spanish renewable energy company Audax Renovables ADXR.MC announces takeover offer plan, rival interest emerges
** Audax intends to launch a voluntary offer to buy the Norwegian electricity retailer at an offer price of NOK 41.2 ($4.18) per share, representing a premium of 39.4% to the closing price on Wednesday
** Shares in Audax fall about 1%
** In a separate statement, Elmera said it has also received a non-binding indication of interest for a potential voluntary offer at a higher price than Audax
** The name of the potential bidder was not disclosed
** Elmera shares, at their highest since February, are on track for their best day ever
($1 = 9.8519 Norwegian crowns)
(Reporting by Alexander Klyve Gudbrandsen)