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APA Group (ASX:APA)has sweetened its cash-and-scrip takeover offer for Hastings Diversified Utilities Fund (ASX:HDF).
The new increased offer comes with an implied value $2.56 and has been received just one week after Hastings Diversified Utilities Fund recommended its shareholders agree to a rival bid from Pipeline Partners Australia.
Pipeline Partners Australia is offering Hastings Diversified Utilities Fund $2.325 cash per share.
APA chairman Len Bleasel says APA's offer is clearly superior to the Pipeline Partners Australia offer and it looks forward to receiving a recommendation by the independent directors of Hastings.
Hastings Diversified reported net loss of $29.9 million in the 2011 financial year.
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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 |
