UK-focused Novera Energy has spurned an unwanted cash offer from renewable energy rival Infinis Energy that valued Novera at around ￡90.5 million ($143 million). Infinis, part of private equity group Terra Firma, offered 62.5 pence/share for the entire issued and to-be-issued share capital of wind farm specialist Novera not already owned by Infinis - representing a 30% premium to Novera's closing price on Tuesday. Infinis hiked its equity stake in Novera to 42.6% on Tuesday after snapping up a further 13% from Credit Suisse Securities.
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