AUSTRALIA

Battle for HDF takes another step

APA Group is sitting tight despite Pipeline Partners Australia's $A1.23 billion rival takeover offer for Hastings Diversified Utilities Fund which on Friday received a recommendation from independent directors.

Marija Stojkovic

On Friday PPA said it entered into a takeover bid implementation deed with HDF for its recommended all-cash takeover bid of $2.325 per share. Recommendation for the bid, which rivals APA's offer of...

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