March 7 (Reuters) - Australian Pipeline Ltd (APA) :
- APA announces recommended cash offer for EPX (APA)
- Under the terms of the offer, EPX securityholders will receive A$1.88 cash per EPX security
- Says the offer price plus the March 2016 distribution of 3.25 cents per epx security
- Offer price implies a total equity value of approximately A$130.3M for epx
- The independent directors of EPX have unanimously agreed to recommend APA's offer in the absence of a superior offer
- APA will fund the offer with a mix of existing cash reserves and debt facilities
