Drax declines to raise HEIT bid
Leaving Foresight’s 92.4p per share offer as the HEIT board’s recommended option
Leaving Foresight’s 92.4p per share offer as the HEIT board’s recommended option
M&A activity could be the catalyst to lure investors back to a sector that now offers double-digit yields
Drax Group’s bid, which is being recommended by the HEIT board, comes at a 5% premium to the Foresight offer
HEIT shareholders will receive 84p per share, should the deal complete