FRANKFURT, Oct 10 (Reuters) - Wind energy project developer PNE AG PNEGn.DE has agreed to be taken over by Morgan Stanley (NYSE:MS) Infrastructure (MSIP) in a deal valuing the company at 300 million euros ($330 million), it said on Thursday.
The fund intends make an offer worth 4 euros a share, offering a 21% premium, subject to a minimum acceptance threshold of 50%. It also intends to delist the company after completion.
MSIP had earlier said it could offer 3.50-3.80 euros a share, but increased its bid after other suitors started due diligence on PNE. had caught the eye of Australian infrastructure investor Macquarie MQG.AX , Swedish private equity firm EQT EQTAB.ST and Canadian energy group Oryx OXC.TO , people familiar with the matter had said.
PNE shares were up 5.7% at 4.08 euros at 0706 GMT. ($1 = 0.9090 euros)