Corporate structure debate dominates in UK again
- From: Vol 1, Issue 8 (August 2000)
- Category: Performer of the month
- Region: Europe
- Country: United Kingdom
- Related Companies: Dalkia, Electricité de France, Hyder, Kinetics, Morgan Stanley, Nomura, Suez, Veolia Environnement (formerly Vivendi Environnement) and Western Power Distribution
The bidding battle for Hyder intensified at the end of July, fought out against the backdrop of a broader struggle within the UK water industry over preferred models of corporate structure.
The Welsh utility continues to be the focus of a bidding war between Nomura and Western Power Distribution. On 31 July Nomura raised its initial bid of 260p per share to 320p, which the Hyder board recommended to shareholders the next morning. However, before the day was out WPD had increased its offer to 340p. Hyder shares closed the month ...
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