EDP Board Negotiating for Higher Bid from China Three Gorges -O Jornal Economico
18 May 2018 - 7:22PM
Dow Jones News
--EDP's board is aiming to drive up China Three Gorges's
takeover offer to between EUR3.60 and EUR3.90 a share, from the
original level of EUR3.26 a share, reports O Jornal Economico,
citing sources.
--Most shareholders in the utility support the board's plan to
hold out for a higher offer, O Jornal Economico says.
Full story in Portuguese: https://bit.ly/2KCvMz1
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
May 18, 2018 05:07 ET (09:07 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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