APA recommends $13B Chinese takeover offer

APA GROUP said this morning it had entered into a binding implementation agreement with  the Cheung Kong Infrastructure consortium for it to acquire the company for an all cash consideration of A$11 per share for a total of $13 billion.  

APA recommends $13B Chinese takeover offer APA recommends $13B Chinese takeover offer APA recommends $13B Chinese takeover offer APA recommends $13B Chinese takeover offer APA recommends $13B Chinese takeover offer

Treasurer Scott Morrison is the final stop on the way to FIRB approval

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