APA wins battle for HDF
Market watch top headlines
Australian reports
- Aust markets: Aust shares rise ahead of US Fed meeting
- Aust dollar report: Dollar recovers as traders look to US
- Aust credit close: Aust bonds weaken ahead of US Fed meeting
World reports
- World commodities: Commodities markets summary
- World markets: International markets roundup
AAP
2012-08-21
APA Group has finally won over energy infrastructure investor and takeover target Hastings Diversified Utilities Fund (HDF).
Hasting's responsible entity, Hastings Funds Management Ltd (HFML), on Tuesday accepted APA's $1.4 billion cash and scrip offer after its protracted takeover battle with Pipeline Partners Australia.
The move came a day after Pipeline said it had no intention of matching a revised offer lodged by APA last Friday.
Copyright ©
Fairfax Digital
