Why the Tilt Renewables (ASX:TLT) share price is in focus
Ken Hall | April 16, 2021 11:37am |
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The
Tilt Renewables Ltd (ASX: TLT) share price is back in the news. Shares in the trans-Tasman renewables group surged higher in March after agreeing a $2.7 billion takeover offer led by
That could be about to change, however, with a rival bidder lobbing an offer worth 20 NZ cents per share more.
Why is the Tilt Renewables share price on watch?
According to an article in the
Australian Financial Review (AFR), Canadian pension fund CDPQ has re-entered the bidding war.
CDPQ has reportedly offered NZ$8.00 per share for Tilt. That is higher than the NZ$7.80 per share agreed with a vehicle established by
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