Li Ka-Shing’s CKI Sweetens Power Assets Bid to $12.4 Billion

  • CKI also raises special dividend offer by 50% to HK$7.50/share
  • Li Ka-Shing seeks to combine utility businesses for expansion

Cheung Kong Infrastructure Holdings Ltd. raised its offer for Power Assets Holdings Ltd. to $12.4 billion in stock as Li Ka-shing seeks to combine his utility businesses for further expansion.

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