IFM Renewable Energy Pty Ltd (IFM ) has extended its $788 million, $5.00 per share, takeover off...
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IFM , which is competing with Spanish infrastructure company Acciona for the Australian wind farm and hydroelectric company, was to have ended its offer on 10 June.
Pacific Hydro's independent directors - those not appointed by IFM , which was already a major shareholder in Pac Hydro - have unanimously recommended that shareholders accept IFM's offer.
Acciona has offered $4.90 cash per share for the renewable energy company.
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