APA 0.84% $7.18 apa group

News: APA APA Recommends CKI Consortium Offer

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    Aug 13 (Reuters) - APA Group (APA) :

    • APA AND CKI CONSORTIUM ENTER INTO IMPLEMENTATION AGREEMENT
    • IF SCHEMES ARE IMPLEMENTED, APA SECURITYHOLDERS WILL RECEIVE A$11.00 CASH PER APA STAPLED SECURITY
    • TRANSACTION DOES NOT AFFECT APA'S FINAL DISTRIBUTION FOR 2018 FINANCIAL YEAR
    • APA DIRECTORS UNANIMOUSLY RECOMMEND TRANSACTION IN ABSENCE OF A SUPERIOR PROPOSAL
    • ENTERS CONDITIONAL IMPLEMENTATION DEAL WITH CK INFRASTRUCTURE HOLDINGS, CK ASSET HOLDINGS, POWER ASSETS HOLDINGS, CKM AUSTRALIA BIDCO PTY
    • IF SCHEMES IMPLEMENTED AFTER 31 DEC 2018, APA HOLDERS TO GET ADDITIONAL DISTRIBUTION OF 4 CENTS/ APA STAPLED SECURITY FOR EACH MONTH IN 2019
    • IF SCHEMES IMPLEMENTED AFTER 31 DEC, APA HOLDERS TO GET ADDITIONAL DISTRIBUTION OF 4 CENTS/ APA STAPLED SECURITY FOR EACH MONTH IN 2019
 
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