PREMIUM FEATURES

AnalystWrap, 29 April 2005

IT’S hard to believe that no one seemed interested in taking over Pacific Hydro a few months ago. The renewable energy company’s Pacific Hydro's biggest shareholder, Industry Funds Management (IFM), has today topped the bid announced this morning by Spanish construction and infrastructure company Acciona SA, offering $5 per share, 10 cents more than Acciona's bid this morning of $4.90.

AnalystWrap, 29 April 2005

"The independent directors of Pacific Hydro have unanimously recommended that all shareholders accept IFM's revised offer," IFM said. Both of the latest offers are conditional on acceptances of more...

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