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British Energy offers 'too low'



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Published Date: 10 June 2008
BRITISH Energy said yesterday it would continue talking to interested parties despite warning that it had received no takeover bids above its current share price.
The East Kilbride-headquartered nuclear operator is mulling several bids, but said the proposals received so far "do not represent value for shareholders" as they fail to reflect both the current strong price for energy and the value of its sites as part of the development of the next generation of UK nuclear stations.





The full article contains 84 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 09 June 2008 9:01 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: British Energy
 
1

danielrober,

10/06/2008 09:01:29
If the point is to build new nuclear power stations, then the logical choice is for BE to raise money directly. I would think that a third partner or middle man, is just an additional expense. After all it is actually more or less the same engineering (UK, France and Germany). Any tasks that are not available from BE can be subcontracted.

 

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