Foresight outbids Drax in contest for Harmony Energy Income

Harmony Energy Income has received a new cash offer from PP Bidco (a new company formed by two funds managed by Foresight LLP). The bid is 92.4p per share, equivalent to the trust’s last published net asset value and well above the 88p per share offered by Drax, and values the company at £209.9m. The … Continue reading Foresight outbids Drax in contest for Harmony Energy Income