31/10/2018 — Alternative Energy
Time extension for Tilt bid
The two major shareholders of Tilt Renewables Ltd (NZX & ASX: TLT) have extended the date for the full takeover bid for the company.
Infratil Ltd (NZX & ASX: IFT) and Mercury NZ Ltd (NZX & ASX: MCY) said jointly yesterday they were extending their bid to November 13.
Independent directors of Tilt have told shareholders that the bid at $NZ2.30 per share did not place a true value on the company and should be rejected.
Tilt also increased its guidance outlook for the year.
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