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Envestra Limited’s (ASX:ENV) independent directors have backed the cash offer of $1.32 from the Cheung Kong consortium.
The natural gas distribution company received the offer at the beginning of this month that valued the company at $2.37 billion.
As part of the deal it was agreed that Envestra shareholders would receive a final dividend of up to $0.035 per share at the end of this financial year.
The company’s independent board committee unanimously recommends shareholders accept the offer.
Envestra reported a net profit of $87.1 million in the first half of the 2014 financial year.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.05M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $38.76K | 5.784M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 53559780 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 9989961 | 14 |
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| Last trade - 15.56pm 19/09/2025 (20 minute delay) ? |
| ENV (ASX) Chart |