Carillion in £306m offer for Eaga

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first_img Builder Carillion has made a recommended cash offer to buy energy-saving scheme operator Eaga for £306.5m as it looks to enter the energy efficiency market.“Low carbon and its related energy efficiency markets present a compelling opportunity for growth for the group,” Carillion said in a statement on Friday.“As one of the leading green support services businesses in the UK, Eaga is at the forefront of this market.”Carillion said it would pay Eaga 118.79 pence per share, a premium of 29 per cent to the stock’s Thursday close, and 49 percent above Eaga’s closing price on February 2, when the offer was first made public.Eaga shareholders can also retain the interim dividend of 1.21 pence per share, payable on 18 March 2011, for a total offer price of 120 pence.The deal comes two weeks after Eaga, which has been hit by government spending cuts, posted first-half results below market expectations.Also on Friday, Zenergy Power, which makes specialised wires and coils for the renewable-energy sector using superconductor technology, said it was looking for a buyer. Show Comments ▼ John Dunne More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPuffer fish snaps a selfie with lucky divernypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and whatsapp Share Carillion in £306m offer for Eaga Friday 11 February 2011 3:15 am whatsapp Tags: NULLlast_img

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