Ecotricity’s upped offer for Good Energy has led shareholders to sell just 2.5% of shares.
Good Energy has seen its gross profit increase by 19.4% during the first six months of 2021, growing to £17.7 million.
Just 1.8% of Good Energy shareholders have accepted rival supplier Ecotricity's cash offer for shares in the company.
Good Energy has once again hit back at Ecotricity as it today (18 August) publishes its response circular to Ecotricity’s offer of 340p per share.
Good Energy has doubled down on its rejection of Ecotricity's offer following the latter setting out the full terms and conditions.
Ecotricity has made a cash offer for Good Energy, valuing the company at £45.3 million excluding the shares it already owns, or £59.6 million when included.
Good Energy has branded Ecotricity’s potential acquisition as a “highly opportunistic approach” following the latter making three indicative offers for the company.
Ecotricity is to potentially make a bid for Good Energy, having made three indicative offers in the past month.
Current± caught up with GRIDSERVE CEO Toddington Harper to discuss the acquisition, the funding required for its next steps and how the company is navigating the "real challenges" of COVID-19 and Brexit.