NZ's Manawa Energy eyes record gain after takeover offer from Contact Energy

Contact Energy

11/09/2024 24:41

** Shares of Manawa Energy  MNW.NZ  up 32.3% to NZ$5.33, on
track for their best day ever, if gains hold
    ** Stock hit its highest level since Feb. 8, 2023
    ** The renewable energy developer receives takeover offer
from Contact Energy  CEN.NZ  for NZ$1.86 billion
    ** Stock has risen 24.2% YTD

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))