Original article by Nick Evans
The Australian – Page: 20 : 5-Mar-20
Squadron Energy, the private company of mining magnate Andrew Forrest, has made a takeover bid for Windlab, a listed wind farm developer and operator. Squadron has teamed up with Federation Asset Management to offer $1 per share for Windlab, valuing the bid at $68.2m. Windlab shares rallied on 4 March, closing at $0.965; investors had paid $2 per share in its 2017 IPO. Squadron is expected to have a 75 per cent stake in Windlab if the deal proceeds.
WINDLAB LIMITED – ASX WND, SQUADRON ENERGY PTY LTD, FEDERATION ASSET MANAGEMENT PTY LTD