On the 25 July, renewable energy play Genex Power Ltd (GNX AU) announced a non-binding indicative proposal from Atlassian's Scott Farquhar and Stonepeak, by way of a Scheme, at A$0.23/share. Genex subsequently rejected the proposal less than a week later on the grounds the Offer undervalued the company.
Genex Opens Its Books After Farquhar Bumps
On the 25 July, renewable energy play Genex Power Ltd (GNX AU) announced a non-binding indicative proposal from Atlassian's Scott Farquhar and Stonepeak, by way of a Scheme, at A$0.23/share. Genex subsequently rejected the proposal less than a week later on the grounds the Offer undervalued the company.