Good Energy reiterates indicative bid rejection

Good Energy (LON: GOOD) has reiterated its rejection of the bid from rival renewable energy supplier Ecotricity. Management has also outlined its reasoning behind the decision.

They believe that the indicative offer of 340p a share in cash is too low even though it is a premium to the previous market price. The argument is that the company is worth an even greater premium than being offered.

Management also believes that it has a strategic plan that provides a clear direction for the comp...

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