INFIGEN has received a takeover bid of 80c per stapled security from the Philippines’ UAC Energy Holdings which values the company at $777 million, far above the 43.4% one-month volume weighted average of 56c.
Today it acquired an initial 12.82% of Infigen. So far Infigen has told shareholders to take no action while the board studies the offer, called "attractive" by its suitor and "subject to very...
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