Thanks for sharing paulierye.
Brookfield has a point that APA's cash and scrip offer is not superior to their all cash offer.
Perhaps this partly explains why AST have given Brookfield exclusivity? We do not know what took place in discussions following the initial offer. It appears to me APA were not willing to up the ante until Brookfield came to play. They are now crying foul.
APA have been desperate to acquire electricity assets for some time, but have failed in their attempts to do so (Tilt Renewables comes to mind).
They have a very strong panel of advisors, so why are they being beaten at the post?
Ann: AusNet Services Limited 02 - Panel Receives Application, page-4
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