Aug 13 (Reuters) - Australia's biggest gas pipeline company APA Group (APA) on Monday recommended a A$12.98 billion ($9.45 billion) buyout offer from a consortium led by Hong Kong's CK Infrastructure 1038.HK , in the absence of a better offer.
If the deal goes through, APA shareholders will receive A$11.00 cash per share and make CK Infrastructure the major player in Australia's east coast gas pipeline network.
CK Infrastructure, leading a consortium with CK Asset Holdings 1113.HK and Power Assets Holdings 0006.HK , said it is seeking regulatory approval.
($1 = 1.3729 Australian dollars)
News: APA Australia's APA recommends Hong Kong firm CKI's buyout deal
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Last
$7.18 |
Change
0.060(0.84%) |
Mkt cap ! $9.776B | |||
| Open | High | Low | Value | Volume |
| $7.17 | $7.21 | $7.15 | $25.41M | 3.517M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3041 | $7.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.19 | 84270 | 3 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| APA (ASX) Chart |
