Harmony Energy Income Trust (HEIT) has agreed terms for a recommended cash offer from Drax Bidco, a wholly owned subsidiary of Drax Group Plc (DRX), which values HEIT at approximately £199.9m. The offer will be implemented by way of a scheme of arrangement and provides shareholders with 88p per share in cash. The offer represents … Continue reading Drax to acquire Harmony Energy Income Trust in £199.9m all-cash deal