ENV - Envestra Limited

[VSntchr]

Cash bid by the 'blocking' stake of the APA bid for $1.32 per share. Not sure if it includes dividend or not. Could be a few more cents in it depending on what APA does from here..although I don't think they have the balance sheet strength to increase a cash offer...

 

[agumby]

Cash bid by the 'blocking' stake of the APA bid for $1.32 per share. Not sure if it includes dividend or not.

There is also a expected final dividend of $0.035 payable on top the $1.32 per share offer

 

[agumby]

Cheung Kong Group won a contest to buy Envestra Ltd. (ENV), after a rival bidder for the Australian gas distributor said it would sell its shares in support of the A$2.4 billion ($2.2 billion) bid.

APA Group, which owns about a third of Envestra, will support the offer of A$1.32 a share from the group that includes Cheung Kong Infrastructure Holdings Ltd., the Sydney-based company said today in a statement. APA said it will use the A$430 million in pretax profit from the sale to fund expansion over the next 12 to 18 months.

http://www.businessweek.com/news/20...t-2-billion-envestra-deal-after-apa-cashes-in

 

[System]

On October 17th, 2014, Envestra Limited (ENV) was removed from the ASX's official list in accordance with Listing Rule 17.14, following compulsory acquisition of the Company's securities by CK ENV Investments Pty Ltd.