12th Aug 2021 21:11
Good Energy Group PLC - Chippenham, England-based energy company - Reiterates its unanimous and unequivocal rejection of Ecotricity Group Ltd's offer. Green energy supplier Ecotricity made a 340 pence a share cash offer for Good Energy back in July. The first bid saw Good Energy offered 310.0p per share, before this was increased to 330.0p per share in the second offer. The third offer was raised to 340p a share. Ecotricity currently holds 4.2 million Good Energy shares, representing 25% stake. The consideration payable under the offer will be funded out of Ecotricity's existing cash resources.
Current stock price: 330.00p
Year-to-date change: up 85%
By Evelina Grecenko; [email protected]
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