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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.
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