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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