Brief: Audax Renovables Says It Continues To Regard Elmera As Highly Attractive Company
BRIEF-Audax Renovables Says It Continues To Regard Elmera As Highly Attractive Company July 1 (Reuters) - Audax Renovables SA ADXR.MC:
OVER PAST 2 MONTHS, AUDAX HAS PRESENTED THREE SUCCESSIVE PROPOSALS TO THE BOARD OF ELMERA, REQUESTING ACCESS TO A DUE DILIGENCE PROCESS
CONTINUES TO REGARD ELMERA AS A HIGHLY ATTRACTIVE COMPANY AND BELIEVES THE COMBINATION WOULD PRESENT COMPELLING INDUSTRIAL AND STRATEGIC MERITS
ALTERNATIVE TRANSACTION ENDORSED BY THE BOARD MAY BE SUBJECT TO CUSTOMARY REGULATORY REVIEW PROCESSES
COMBINATION OF TWO OF THE LEADING ELECTRICITY RETAIL OPERATORS IN NORWEGIAN MARKET MAY GIVE RISE TO COMPETITION LAW CONCERNS DUE TO CONCENTRATION RISK
TO CONTINUOUSLY EVALUATE CAPITAL ALLOCATION AND STRATEGIC OPPORTUNITIES, CAPITAL ALLOCATION DECISIONS CANNOT REMAIN OPEN-ENDED INDEFINITELY
Source text: ID:nCNM4ghMSg nL6N4310I7
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