Two funds managed by UK's Foresight Group LLP to buy Harmony Energy in $278 million deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2025
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Source: Reuters
Foresight Group Acquisition: Foresight Group LLP is set to acquire Harmony Energy Income Trust for approximately £209.9 million, offering 92.4 pence per share, which is a 5% premium over Drax's previous offer of 88 pence per share.
Withdrawal of Drax Offer: Following the new acquisition terms from Foresight, Harmony Energy has retracted its recommendation for the Drax acquisition proposal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
