Tilt Renewables has been in an NZX trading halt. Photo / SuppliedTilt Renewables has been in an NZX trading halt. Photo / SuppliedTakeover target Tilt Renewables has remained in a trading halt pending the release of what could be a superior offer for the company, with Australian media speculating that Canadian pension fund CDPQ may have lodged a late bid. The trading halt would remain in place until an announcement from Tilt, or market open on Monday, the NZX said. Through the arrangement, Tilt shareholders would be offered $7.80 a share, valuing Tilt at $2.96 billion.

Source: New Zealand Herald April 16, 2021 02:56 UTC