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Aquila European Renewables halts merger plans following shareholder dissent
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The fund received three proposals from other vehicles, including Octopus Renewables Infrastructure Trust (ORIT), ranging from a «small premium» to a discount to the AERI's share price. However, the board decided to drop plans for a Section 110 combination, it revealed in a stock exchange notice today (10 May) after it failed to secure enough backing for a potential merger from shareholders. Octopus Renewables trust makes bid for Aquila European Renewables The trust needed shareholders representing more than 25% of total voting rights – a level sufficient to block the proposals – to...
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