Bloomberg News

International Power Shareholder Seeks Higher Offer, Times Says

April 01, 2012

A minority shareholder of International Power Plc (IPR) wants GDF Suez SA (GSZ) to make a better offer for the London-based utility, the Sunday Times reported, without saying how it obtained the information.

GDF bid 390 pence ($6.24) a share for the 30 percent of International Power it doesn’t already own, and Neil Woodford, a fund manager at Invesco Perpetual, wants a minimum of 400 pence a share, the newspaper reported. Invesco Perpetual holds a stake of about 3.3 percent in International Power, the newspaper said.

To contact the reporter on this story: Ben Martin in London at bmartin38@bloomberg.net

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net


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