(Adds deal premium, details of deal)
June 13 (Reuters) - Australian natural gas infrastructure company APA Group (APA) on Wednesday said it received a A$12.98 billion ($9.8 billion) unsolicited offer from a consortium of Chinese companies led by CK Infrastructure Holdings 1038.HK .
The consortium, which also includes CK Asset Holdings 1113.HK and Power Assets Holdings 0006.HK , had offered A$11 cash per stapled security, APA said, representing a 33 percent premium to APA's last close of A$8.27.
The proposal would allow for a distribution of not more than 24 Australian cents per stapled security for six months to June 30 2018.
APA had granted due diligence on a non-exclusive basis to the consortium. The deal was subject to approvals from Australia's competition and foreign investment regulators, as well as shareholders of APA Group and CK Asset Holdings.
APA made no recommendation on the proposal, and advised security holders to take no action at this stage. ($1 = 1.3208 Australian dollars)
(Adds deal premium, details of deal) June 13 (Reuters) -...
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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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