Proposed merger of AES Tietê and Eneva now in limbo
After Eneva failed to supply more details about its merger bid, AES Tietê ruled out calling a general meeting on Monday, the deadline for the proposed deal. AES has been complaining it lacks "essential" data to decide whether to accept an offer it classifies as "hostile." The legal framework, potential synergies, legal basis for the premium and tax credits are some of the details AES is missing and that block it from moving ahead with the deal. Both sides met in mid-March, and Eneva...
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