Alinta directors supporting B and B bid -
The directors of takeover target Alinta Ltd have recommended an acquisition proposal from Babcock & Brown and Singapore Power.
Alinta announced it had signed a scheme implementation agreement under which its shares would be valued at $15 each.
In a statement to the stock exchange, the company said directors intended to recommend shareholders vote in favour of the proposed scheme of arrangement in the absence of a superior proposal and subject to an independent expert analysis.
Friday, March 30, 2007
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