APA goes after another target

APA Group may be facing a rerun of the Hastings Diversified Utilities Fund takeover stoush after lobbing in an unsolicited proposal to purchase another pipeline company, Envestra Group, after the close of market yesterday.

16 July 2013
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The non-binding deal would involve APA purchasing the balance of shares it does not own in the company for about $1.10 per share as part of an all-scrip deal, a premium of 10.

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