InfraREIT (HIFR) approached by buyers

  • May 26, 2018

POTENTIAL DEAL DETAILS

Stock InfraREIT, Inc. Symbol HIFR
Date Announced 05/24/2018 Source Press Release
Type Unsolicited Bid Acquiring Company/Person Oncor Electric Delivery Company LLC
Date of Confirmation: 10/18/2018 Price at Confirmation: $21.05
Potential Profit: 3.90% Annualized Profit: 9.68%

InfraREIT (HIFR) shareholder Hunt Consolidated says certain third parties have expressed an interest in acquiring InfraReit outright as an alternative to a “going-private” transaction.

Update(s):

October 18, 2018: InfraREIT, Inc. (HIFR) today announced that it has entered into a definitive agreement to be acquired by Oncor Electric Delivery Company LLC for $21.00 per share in cash, valued at approximately $1.275 billion, plus the assumption of approximately $940 million of InfraREIT’s net debt, as of June 30, 2018.

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