International Power's shares suspended

Shares of energy giant International Power (IPR) were suspended from trading on the London Stock Exchange (LSE) on Thursday morning as its takeover by parent company GDF SUEZ faced delays.

Shares of energy giant International Power (IPR) were suspended from trading on the London Stock Exchange (LSE) on Thursday morning as its takeover by parent company GDF SUEZ faced delays.

On April 16th, the companies announced that they had reached agreement on terms of a recommended cash offer for the remaining shares of IPR. This is to be effected by means of a court-sanctioned scheme of arrangement.

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