Lakeview^^s win is another^^s loss

by Toronto Star

The province^^s decision not to build a new power plant on a Lakeview site, an industrial area for more than a century, leaves a big question unanswered: Just where will a new generator go?

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Yesterday Tilt Renewables announced that it had entered a scheme implementation agreement under which it was proposed that PowAR would acquire its Australian business and Mercury would acquire the New Zealand business.

Conducted through a scheme of arrangement, Tilt shareholders will be offered $7.80 a share, valuing Tilt at $2.96b.

Yesterday morning shares in Tilt opened about 18 per cent up at $7.65.

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