The $5.2 billion takeover offer for Spark Infrastructure values the electricity network company at a higher rate than it’s worth and shareholders should sign off on the bid, the independent expert report found.
The consortium, led by private equity giant Kohlberg Kravis Roberts and the Ontario Teachers Pension Plan, has bid total cash of $2.8875 per share for the company, which is 2¢ above the upper range of the independent expert’s valuation of the company.
