Forsyth Barr Advises Manawa Energy Shareholders to Consider Contact Energy

Forsyth Barr analysts suggest that Manawa Energy Limited (NZX: MNW) shareholders consider switching to Contact Energy Limited (NZX: CEN) amid the ongoing takeover process. Contact has proposed acquiring 100% of Manawa in a deal worth approximately NZ$2.3 billion. The offer includes 0.5719 Contact shares and a cash payment of NZ$1.16 for each Manawa share. Before the offer, Manawa's market capitalization stood at NZ$1.26 billion, based on a share price of NZ$4.03. Analysts highlight that Infratil, a major shareholder, stands to lose more than Contact if the takeover is declined, prompting shareholders to weigh their options as the deal unfolds.

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