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SETTING FIRE TO YOUR FINANCES?

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Bidding war continues for Infigen (ASX:IFN)

The bidding war for Infigen (ASX: IFN) continues as two more bids emerged this morning.

What is Infigen?

Infigen is one of the largest renewable energy generators in Australia. It owns a portfolio of wind winds, it also sources renewable energy from a portfolio of contracted assets.

What are the latest bids?

You may remember that a few weeks ago Infigen received a takeover offer from UAC Energy (owned by a Philippine business) which has taken up a stake of more than 12%. That offer was $0.80 per share.

Iberdrola then announced a larger offer of $0.86 cash per share to outdo UAC Energy.

UAC Energy then offered $0.86 per share, but declared its offer wholly unconditional with payment terms of T+10 business days.

To counter that, it was announced today that Iberdrola has increased its offer to $0.89 per share.

Who knows if this is the final offer price or not? Infigen shareholders are steadily seeing a rising price for their shares, which hasn’t been seen for a few years – despite the strong share market during the last couple of years and high Australian electricity prices.

The Infigen share price has now reached $0.91 after rising 2.5% in early trading.

It’s interesting to see this bidding war play out during the COVID-19 pandemic. Other renewable energy shares to consider could be Mercury NZ (ASX: MCY) and Tilt Renewables (ASX: TLT).

Disclosure: At the time of writing, Jaz doesn’t own shares in any of the businesses mentioned. 

Afterpay, Zip Co, Sezzle…

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Afterpay, Zip Co, Sezzle…

Is BNPL the opportunity of a lifetime or is the sector a ticking time bomb?

Rask's analyst has just finished a 7,500-word report, The Ultimate BNPL Sector Report, taking a deep dive into this booming ASX sector. It shines a spotlight on each of the major players. You can get the full analyst report for FREE by CLICKING HERE NOW.

Note: the report is 100% free.

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Rask Media’s Ultimate BNPL Sector Report

Afterpay, Zip, Sezzle… is this the opportunity of a lifetime? Or is BNPL a ticking time bomb? This 7,500-word analyst report takes a deep dive into the BNPL sector and shines a spotlight on each of the major players in this booming market. 

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As we emerge from COVID-19, some tech companies are growing faster than ever. Rask’s investment analysts have identified 3 growth stocks set to benefit. Big time.

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