Spark Infrastructure rejects takeover bid from investor group: Reuters

Australia’s Spark Infrastructure has rejected a $3.67 billion takeover bid by a consortium that includes KKR and Ontario Teachers’ Pension Plan, but kept its door open to further talks, Reuters reported.

Australia’s Spark Infrastructure has rejected a $3.67 billion takeover bid by a consortium that includes KKR and Ontario Teachers’ Pension Plan, but kept its door open to further talks, Reuters reported. The electricity poles-and-wires company is open to sharing “limited information on its business and prospects” subject to a confidentiality agreement but said the offer did not merit access to its books.

Source: Reuters