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Contact Energy’s $2 Billion Bid for Manawa: What’s Behind the 59% Premium?
2:19am on Monday 2nd of June, 2025 AEST
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Energy
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Contact Energy’s $2 Billion Bid for Manawa: What’s Behind the 59% Premium?
2:19am on Monday 2nd of June, 2025 AEST
Key Points
Contact Energy proposes $2 billion acquisition of Manawa Energy
Offer includes $1.12 cash plus 0.5830 new Contact shares per Manawa share
59% premium over Manawa’s pre-announcement share price
Scheme supported by Manawa’s board and major shareholders holding 77.9%
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