APA Group
APA: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$6.60 | Cslwhqr | Tjvh |
Envestra Shareholders Get the Better Deal in Proposed Tie-Up with APA
APA Group made an unsolicited, conditional and non-binding proposal to acquire the 66.6% of Envestra it does not already own via a scheme of arrangement. Key conditions comprise satisfactory completion of a limited due diligence review, support of the Envestra board and Cheung Kong Infrastructure, which owns 18.9% of Envestra.