Australia s Spark Infrastructure gets $3.7 billion buyout offer Reuters 2 hrs ago
July 15 (Reuters) - Australia s Spark Infrastructure Group said on Thursday it has received a buyout proposal from private equity firm KKR & Co Inc and Ontario Teachers Pension Plan Board, valuing the electricity infrastructure investor at A$4.91 billion ($3.67 billion).
Spark shareholders will get A$2.80 for each share they own, a nearly 13% premium to the stock s last traded price of A$2.48 on Wednesday. ($1 = 1.3367 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; Editing by Shounak Dasgupta)
Australia s Spark Infra rejects $3 7 billion bid, but leaves door open for talks
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Australia s Spark Infra snubs $3 7 bln bid, but leaves door open for engagement
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