Drax whistleblower thanks hedge fund head Louis Bacon after settling case

Drax whistleblower thanks hedge fund head Louis Bacon after settling case

Energy company’s former top lobbyist received ‘essential support’ from investor after raising concerns about biomass sourcing

Drax rivals Foresight bid for HEIT

Drax Group has rivalled the takeover bid made by Foresight Group for Harmony Energy Income Trust (HEIT), according to a stock exchange announcement this morning (25 March). The offer, which would see Drax gain the entire issued share capital of HEIT for 88p per share, comes at a 5% premium to Foresight’s possible 84p per share bid. Foresight’s offer was announced last week (17 March). See also: Comgest head of sustainability exits to join former…