30th Sep 2021 16:41
Good Energy Group PLC - Chippenham-based renewable energy utility - Ecotricity Group Ltd says it has received acceptances for its GBP69.9 million takeover offer from shareholders representing 3.0% of the total. Added to its own shareholding of 25.1%, this mean it has support for its bid for 28% of Good Energy shares, essentially unchanged from late last week. At that time, Ecotricity had moved forward the deadline for acceptances of its offer of 400 pence per share to October 8 from October 10, citing the current energy market price squeeze in the UK and resulting supplier failures.
Current stock price: 345.20p, up 8.7% on Thursday
Year-to-date change: up 94%
By Tom Waite; [email protected]
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