Trevor St Baker's ERM Power has received a takeover bid from an offshore acquirer, understood to be London-listed energy giant Royal Dutch Shell.
It is understood Shell has offered $2.465 a share, which represents a 43 per cent premium to the last close and values ERM at about $620 million. .
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
