QIC bids premium for mine power provider

GIANT infrastructure investor QIC, which has A$80 billion in funds under management, has lobbed a $422 million bid for remote area and mine power provider Pacific Energy, with the offer higher than any price the ASX-listed company has traded in a decade.

QIC bids premium for mine power provider QIC bids premium for mine power provider QIC bids premium for mine power provider QIC bids premium for mine power provider QIC bids premium for mine power provider

Pacific is a major mine power provider.

QIC's offer is 97.5c cash, inclusive of a 1.5c fully-franked dividend intended to be paid by Pacific.
 
The price is a 35.

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