APA extends deadline for AustNet response

APA Group has extended its acquisition offer to AusNet after the cutoff deadline passed yesterday, with the company saying the proposal would be extended for so long as it remained under review by the Australian Takeovers Panel.

APA extends deadline for AustNet response APA extends deadline for AustNet response APA extends deadline for AustNet response APA extends deadline for AustNet response APA extends deadline for AustNet response

Receives positive feedback over merger plan

AusNet is currently in an exclusivity agreement with competing suitor Brookfield Asset Management, who offered to acquire the transmission infrastructure company via a scheme of arrangement for A$2.