Zenith in PE buy-out

POWER provider Zenith Energy has agreed to a A$150 million takeover by Pacific Equity Partners.

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The Zenith-built plant at Newmont's Tanami operation

The company said it had entered into a scheme implementation deed for the $1.01 per share cash takeover.

The price represents a 45.3% premium to Zenith's last closing price of 69.5c on Friday.

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