Tuesday, February 9, 2016

UK investment fund acquires Capstone Infrastructure for $480 million CAD

Irving Infrastructure, a subsidiary of iCON Infrastructure Partners III, is offering $4.90 CAD for each common share, which is a 44 per cent premium on the January 19 closing price and 61 per cent above the closing share price on November 23, when Capstone announced it was undertaking a strategic review. "Our goal has been to grow the company to benefit from the immense opportunities in the infrastructure sector and we are pleased that iCON Infrastructure recognizes the inherent value of Capstone's assets," says Capstone chairman V. James Sardo.

Source: CanWEA

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