Canadian fund fails in last-ditch bid to acquire Tilt Renewables msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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The
Australian Financial Review reports Canadian fund CDPQ has put in a bid to acquire the company for $8 per share, valuing the company at just over $3 billion, which is a 20 cent increase on the offer put forward by an Australian-dominated consortium in March.
It said Tilt s board had asked Queensland Investment Corp and AGL Energy, who were leading the consortium, to match it.
It comes after the company s shares were placed in a trading halt yesterday, ahead of a possible superior offer to buy the business.
CDPQ was one of several suitors who put in a non-binding bid to purchase the company back in February.
Canadian fund bids to acquire Tilt Renewables msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.