InfraREIT Postpones Purchase of ROFO Projects

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Go back to InfraREIT Postpones Purchase of ROFO Projects

InfraREIT (HIFR) Postpones Purchase of Two Projects

March 10, 2016 4:34 PM EST

InfraREIT (NYSE: HIFR) announced that the conflicts committee of its board of directors has decided, in light of recent market conditions, to postpone consideration of the purchase of the Golden Spread Electric Coop interconnection (Golden Spread Project) and the Cross Valley transmission line (Cross Valley Project). As previously disclosed, affiliates of Hunt Consolidated, Inc. (Hunt) offered these projects to InfraREIT, and negotiations had been ongoing. The current owners of the projects have informed the Company... More