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MARKETS

AustNet acquisition referred to Takeovers Panel

APA Group has taken AusNet and Brookfield Asset Management to the Australian Takeovers Panel attempting to break the exclusivity agreement signed by the pair as part of Brookside’s bid to acquire the company.

Mark Tilly
APA goes after Brookfield's exclusivity agreement

APA goes after Brookfield's exclusivity agreement

On Monday, AusNet announced it received a takeover offer from Canada-based Brookfield via a scheme or arrangement for A$2.50 per share, entering into an eight-week exclusivity agreement so that Brookfield...

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