E.on walks away from Scottish Power deal

On the face of it, E.on’s decision to walk away from bid talks with Scottish Power after it turned down their modest offer of 570p a share “looks curious”, says Simon Nixon on Breakingviews.com.

On the face of it, E.on's decision to walk away from bid talks with Scottish Power after it turned down their modest offer of 570p a share "looks curious", says Simon Nixon on Breakingviews.com.

The German utilities group could have upped its offer and still comfortably covered its cost of capital within three years.

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