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Renewable power provider Novera Energy plc on Wednesday rejected a sweetened offer from Infinis Ltd., a Terra Firma Capital Partners Ltd. portfolio company that had raised its bid by 20%.

Infinis is offering 75 pence per share, or £82.6 million ($136.9 million), for all of Novera's equity after buying a 3.9% stake at that price. That purchase took its shareholding in Novera to almost 47%. Infinis' original bid on Oct. 7 was worth 62.5 pence per share.

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NOT A SUBSCRIBER? Novera rejects sweetened offer Posted on November 25, 2009 1:30 PM Renewable power provider Novera Energy plc on Wednesday rejected a sweetened offer from Infinis Ltd., a Terra Firma Capital Partners Ltd. portfolio company that had raised its bid by 20%. Infinis is offering 75 pence per share, or £82.6 million ($136.9 million), for all of Novera's equity after buying a 3.9% stake at that price. That purchase took its shareholding in Novera to almost 47%. Infinis' original bid on Oct. 7 was worth 62.5 pence per share. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 79 in-depth reports of PE deals in the Energy sector 38 in-depth transaction records for Terra Firma Capital Partners Ltd. 20 articles related to Novera Energy plc 14 articles related to Infinis 10 years of news and analysis archives from the voice of The Deal Economy Most-searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forgot your password? Missing a product?

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Novera rejects sweetened offer