June 17 (Reuters) - Infigen Energy Ltd IFN.AX :
* INFIGEN ANNOUNCES RECOMMENDED TAKEOVER OFFER FROM
IBERDROLA
* ENTERED INTO A BID IMPLEMENTATION AGREEMENT (BIA) WITH
IBERDROLA
RENEWABLES AUSTRALIA
* PROPOSED DEAL FOR PRICE OF 86 CENTS PER STAPLED SECURITY
IN
CASH.
* HAS ALSO AGREED TO CERTAIN EXCLUSIVITY CONDITIONS WITH
IBERDROLA
IN BIA
* UNANIMOUSLY RECOMMENDS THAT INVESTORS SHOULD REJECT UAC'S
OFFER
* IBERDROLA HAS INFORMED INFIGEN THAT IBERDROLA AND
INFIGEN'S
LARGEST SECURITY HOLDERS TCI FUNDS, HAVE ENTERED INTO A PRE-BID
AGREEMENT
Source text for Eikon: ID:nASX6d56YG
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