British Energy set for fresh bid
FRENCH power giant EDF was yesterday said to be on the verge of tabling an improved £12.4 billion offer for nuclear power group East Kilbride-based British Energy.
The deal, which could be unveiled this week, is said to be worth 774p a share, 9p higher than the offer made in July.
Opposition from major shareholders, such as investment groups Invesco and M&G, scuppered the original deal.
There were fears that it undervalued British Energy at a time when the value of energy assets was rising.
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Weather for Edinburgh
Saturday 18 February 2012
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