EDF revives British Energy bid

Article reports that Electricité de France (EdF) is moving closer to a deal to buy British Energy, the nuclear generator, after talks with some of the UK company's biggest investors, September 2008, have begun to bear fruit. The French utility, whose £12bn bid was rebuffed by British Energy's shareholders in July 2008, has offered to boost the potential pay-out under its alternative cash-and-paper bid depending on the future performance of the UK group.

ESO: Background information: British Energy still woos EDF / Nuclear future still the plan, despite setback http://www.europeansources.info/record/british-energy-still-woos-edf/

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