Novera
is
currently
the
target
of
a
hostile
takeover
bid
from
Infinis,
a
landfill
gas
operator
backed
by
UK
private-equity
firm
Terra
Firma
that
wants
to
get
into
the
wind-energy
business.
Infinis,
which
already
owns
42.6%
of
Novera,
launched
its
bid
on
7
October
by
offering
£0.63
($1.03)
for
each
outstanding
share.
Novera
shares
rocketed
as
a
result
of
the
offer,
and
are
currently
trading
at
£0.67.
On
26
October
Novera
responded
by
publishing
a
circular
for
its
shareholders
explaining
why
its
board
believes
Infinis’
offer
is
“cheap
and
opportunistic”…
