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IFN - Infigen Energy News Story

A$0.93 0.0  0.0%

Last Trade - 02/11/20

Sector
Utilities
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £161.3m
Position in Universe th / 1913

BRIEF-Infigen Energy Says Timing Of UAC Energy's Proposal Is 'Opportunistic'

Thu 4th June, 2020 7:21am
June 4 (Reuters) - Infigen Energy Ltd  IFN.AX : 
    * CONDUCTED PRELIMINARY ANALYSIS OF PROPOSAL, BUT HAVE NOT
RECEIVED BIDDER STATEMENT
    * TIMING OF PROPOSAL OPPORTUNISTIC, CONSIDERING RECENT FALL
IN
CO'S SHARE PRICE AND AUSTRALIAN ENERGY PRICES SINCE COVID- 19
    * IT IS NOT CLEAR THAT UAC ENERGY PROPOSAL IS FULLY FUNDED
    * DIRECTORS RECOMMEND THAT SECURITY HOLDERS TAKE NO ACTION
IN
RESPECT OF PROPOSAL
    * IT IS CONSIDERING RESPONSE TO PROPOSAL STILL

Source text for Eikon:  ID:nASX6HXpxs 
Further company coverage:  IFN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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