28 March 2024
Hastings recommends $1.3 billion offer from Pipeline Partners Australia
Publication date: 03 August 2012
Gas Strategies Group
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Hastings Funds Management (HFM) on Friday recommended that shareholders of Australian gas distributor Hastings Diversified Utilities Fund (HDF) accept a A$1.25 billion (US$1.31 billion) offer from Pipeline Partners Australia (PPA), rather than a higher offer of A$1.33 billion from APA Group.