Business
Why the Tilt (ASX:TLT) share price just broke its record high
The Tilt Renewables Ltd (ASX: TLT) share price broke its all time record high today as the company announced that it had received non binding offers regarding its acquisition.
Shares in the renewable energy operator reached $6.5 earlier today, taking the company to its highest price since its listing in 2018.
Currently, the Tilt share price is trading 1.17% higher at a price of $6.07.
Why is the Tilt share price pushing higher?
In today’s release, Tilt advised that it has received non binding offers to acquire the company from a number of parties. This comes after its major shareholder, Infratil Ltd (ASX: IFT), recently completed a strategic review of the company. Infratil mentioned that it welcomed the proposals to acquire the…
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