MARKETS

Tilt remains steadfast in face of hostile takeover

TILT Renewables’ independent directors are still telling shareholders told hold steady on New Zealand-based Infratil and Mercury’s NZ$2.30 per share takeover bid for the company, and ignore Grant Thornton independent expert report it released.

Helen Clark & Paul Hunt
Tilt remains steadfast in face of hostile takeover

    Yesterday Infratil suggested that Tilt's own independent expert report was too "optimistic".    The Grant Thornton report "attempts to question certain assumptions underlying the valuation...

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