bullish
Genex Opens Its Books After Farquhar Bumps
362 Views19 Aug 2022 08:04
SUMMARY
- On the 25 July, renewable energy play Genex Power Ltd (GNX AU) announced a non-binding indicative proposal from Atlassian's Scott Farquhar and Stonepeak, by way of a Scheme, at A$0.23/share.
- Genex subsequently rejected the proposal less than a week later on the grounds the Offer undervalued the company.
- Farquhar, via Skip Essential Infrastructure Fund, and Stonepeak have increased their non-binding proposal to A$0.25/share. Genex has now provided confirmatory due diligence.
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- Genex (GNX AU) & J-Power (Finally) Firm Terms14 Apr 2024
- Genex (GNX AU): J-Power's Indicative Offer04 Mar 2024
- Genex: Atlassian's Farquhar Makes An Offer25 Jul 2022
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