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 company. The focus is energy as a service and mobility as a service, particularly through Zap Map.
The potentia...
