How much more can be offered to make everyone happy
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Or a seperate offer
There's a thread across on HC that has a copy paste of the Australia today articles.
TL;DR 1 = Speculation AustralianSuper, could be about to face competition over its $NZ5.4 billion ($5.1bn) bid for Infratil with talk in the market another fund is preparing a rival offer (IFM or IFM x AustraliaSuper deal).
TL;DR 2 = First round bids for the Tilt Renewables stake were due on Friday January 22 and DataRoom understands that the groups that have put forward offers include AGL Energy and Queensland Investment Corporation through their Powering Australia Renewables Fund (PARF).This is along with Canadian pension fund CDPQ and New Zealand’s Mercury Energy.
surprised the Aussi funds havnt bought out the NZ generators bit like a bank take over for the dividends. Suppose they dont like the statue reg's.
They can't as Government owns Majority of sum of these.
Market not ascribing much probability to this occurring... however, I do wonder whether there's any way of a potential purchaser been able to avoid having to pay Morrison & Co the PV of 5 years of the IFT mandate management fee?
Regardless, I suspect Morrison & Co (and their lawyers) will be re-reading their mandate agreement several times over...
Climbing high and fast again
The next offers going to be a goodie
C. $8.20 ; $8.40 bid coming...
IFM has launched an A$8b offer for a 22.69% stake in Spanish energy company Naturgy:
https://www.reuters.com/article/natu...-idUSL1N2K10FH
Do they have plenty of cash to spend or does this mean their rumoured IFT bid is off?
I'd say theirs is a joint bid for infratil. So still plenty of cash. The next offer for infratil will be around the 6.5 billion mark. Maybe 7.