UPDATE 2-Power producer APR to be taken private in $253 mln deal
* Bidding consortium comprises Fairfax, ACON, Albright
* Shares trading at offer price of 175 pence
* Shares have risen 88 pct since talks disclosed
* Bidders to inject $200 mln of additional funding (Adds details, background, updates share price)
By Esha Vaish
Oct 26 (Reuters) - Power plant supplier APR Energy Plc has agreed to a 165 million-pound ($253 million) takeover by a consortium including its biggest shareholder, after a year dogged by the loss of projects in conflict zones.
The buyers, a group comprising Fairfax Financial Holdings Ltd, ACON Equity Management LLC and Albright Capital Management LLC, will pay 175 pence a share in cash to take APR private, the company said on Monday.
APR's shares were trading at the offer price as of 1200 GMT, down about 2 percent.
They have risen about 88 percent since Oct. 2, the last trading day before APR said it was in talks with the consortium. Continued...