(Reuters) - Macquarie's first A$15.45 a share bid was rejected by the Alinta board in March in favor of Babcock's lower A$7.4 billion cash and stock proposal, because of reservations about the value of Macquarie's offer of shares in a new company.
Macquarie said in a statement on Monday its revised takeover proposal to Alinta gives shareholders three options: all cash, all shares or a combination. The bank also said it would make an unspecified equity commitment.
Read more at Reuters.com Business News
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