14th Oct 2015 07:56
LONDON (Alliance News) - Balfour Beatty Infrastructure Partners, LP, affiliated to Infrastructure firm Balfour Beatty PLC, Wednesday said that its offer for Alkane Energy PLC has been declared unconditional in all respects following valid acceptances in respect of approximately 77.93% of share capital of Alkane as on October 13.
The offer by Barbican Bidco Limited, a company controlled by BBIP, has been extended and will remain open for acceptance until further notice. Barbican will give at least 14 days' notice prior to the closing of the offer.
It was on September 16 that the Boards of Barbican and Alkane announced that they had reached agreement on the terms of a recommended cash offer by Barbican for the entire issued and to be issued share capital of Alkane at a price of 36 pence in cash for each Alkane Share.
Copyright RTT News/dpa-AFX
Related Shares:
Balfour BeattyAlkemy Capital.