UPDATE 1-Infigen picks $569 mln offer from Spain's Iberdrola over Ayala bid
June 16, 2020 at 19:04 PM EDT
Infigen Energy Ltd recommended on Wednesday an A$827.5 million ($569.1 million) buyout bid from Spain's Iberdrola to its shareholders, and urged them to reject an earlier offer from Philippine conglomerate Ayala Corp.