News: AST AusNet Services Says Got Non-Binding Proposal From Affiliate Of Brookfield Asset...

Sept 20 (Reuters) - AusNet Services Ltd (AST) :

• GOT UNSOLICITED, INDICATIVE, NON-BINDING AND CONDITIONAL PROPOSAL FROM INFRASTRUCTURE AFFILIATE OF BROOKFIELD ASSET MANAGEMENT
• PROPOSAL TO ACQUIRE, BY WAY OF SCHEME OF ARRANGEMENT, ALL OF ISSUED SHARES IN AUSNET AT AN INDICATIVE PRICE OF A$2.50 CASH/SHARE
• CO'S CURRENT INTENTION TO UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS VOTE IN FAVOUR OF PROPOSAL IN ABSENCE OF A SUPERIOR PROPOSAL
• DECIDED TO PROVIDE BROOKFIELD WITH OPPORTUNITY TO CONDUCT DUE DILIGENCE ON EXCLUSIVE BASIS