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

To contact the editor responsible for this story: Paul Armstrong at

Later, Baby

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus