French power producer GDF SUEZ has won the support of the independent directors of UK subsidiary International Power after upping its bid from 390p to 418p a share.
As well as receiving 418p in cash for each of their shares, International Power shareholders will be able to keep the final dividend of 6.6 cents (€0.066) in respect of 2011.
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'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
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