New Zealand's Tilt Renewables agrees to $2.1 billion takeover

New Zealand's Tilt Renewables agrees to $2.1 billion takeover (Reuters) - New Zealand's Tilt Renewables said on Monday it had agreed to a takeover by a consortium including its second-largest shareholder, AGL Energy (OTC:AGLXY) and Australia's sovereign wealth fund for NZ$2.94 billion ($2.10 billion).

The consortium will pay NZ$7.80 for every Tilt share, a 20.4% premium to the company's share price at Friday's close.

($1 = 1.3974 New Zealand dollars)