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- Under the proposal, Powering Australian Renewables will acquire Tilt’s Australian business. Powering Australian Renewables is a consortium that includes AGL Energy Ltd (ASX:AGL).
- Mercury NZ would acquire Tilts New Zealand business.
- The bid-offer is for NZ$7.80 per share.
- Trading of Tilt Renewables has been halted. Tilt shares close on Friday at NZ$6.48 per share.
- Shareholders will vote on the proposal at some time after June.