Yesterday, Duet (ASX:DUE) announced that it would take over Energy Developments (ASX:ENE) for $8 per share. This is fantastic news for IML unit holders as we hold 9.6% of the shares in ENE, across a number of our funds. IML has long been attracted to ENE for its competitive advantages in renewable energy production and its highly contracted revenue streams. These attributes produce recurring earnings and strong free cashflow, which DUE recognises will compliment their existing utility businesses.