EDF takes over BE

A view of the British Energy Hunterston 'B' nuclear power station near Largs in west Scotland. French utility EDF launched a £12.5 billion agreed bid for nuclear operator British Energy, in a revamped offer to take control of Britain's nuclear power...

A view of the British Energy Hunterston 'B' nuclear power station near Largs in west Scotland. French utility EDF launched a £12.5 billion agreed bid for nuclear operator British Energy, in a revamped offer to take control of Britain's nuclear power industry. EDF, the world's biggest maker of nuclear energy, said yesterday it was offering 774 pence per British Energy share. It also proposed an alternative of 700 pence in cash plus one nuclear power note, a financial instrument linked to BE's future performance.

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