AST ausnet services limited
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Sept 21 (Reuters) - Australian energy infrastructure firm APA...

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    21/09/21
    09:25
    Post #: 56225996

    Sept 21 (Reuters) - Australian energy infrastructure firm APA Group (APA) on Tuesday made a non-binding proposal to buy AusNet Services Ltd (AST) for A$9.96 billion ($7.22 billion), entering a bidding war with Canadian investor Brookfield Asset Management.

    Under the cash-and-stock deal, APA Group would pay A$2.60 per share to AusNet shareholders, representing a 10.2% premium to its last close.

    ($1 = 1.3785 Australian dollars)

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