APA Bids $1.8b for Hastings Takeover
- What are Trade Options?
- How to make money in options?
- Where can I learn how to trade the markets (Futures and Options or even Forex)?
- Which Stocks are Affected by the Carbon Tax?
- Australian Renewable Energy Companies
- Australian Clean Technology Companies
- What is an Annual General Meeting (AGM)?
- List of Australian Research Houses
- What are Futures?
Gas pipeline owner APA Group (APA) has made a $1.8 billion bid for a complete takeover of the Hastings Diversified Utilities Fund (HDF). APA already owns 20.7 per cent of HDF and feels that Hasting's assets go in line with their infrastructure asset portfolio.
"The pipeline assets held by HDF form a natural fit with APA's infrastructure asset portfolio as they are able to be connected to one or more of APA's pipelines," said APA Chairman Len Bleasel. "The combined group of APA and HDF will form a unique asset footprint of infrastructure assets, and is expected to own and/or operate more than 15,000 kilometres of gas transmission pipelines across mainland Australia."
APA is offering a price of 0.326 APA shares and 50 cents per HDF share. The offer implies a share value of $2, or a 13 per cent premium, giving Hastings a $1.8 billion value.
On a separate statement, APA also announced that it had sold 80 percent of its Queensland state gas distribution network to an investment vehicle. As APA will still hold 20 per cent of the gas network, it will use the $477 million from the sales to pay debts and support the HDF offer.
The $1.8 billion offer, which requires at least 90 per cent acceptance from HDF shareholders, will stand until March 31, 2012.
- What Are Broker Recommendations?
- Free Tickets to Trading & Investing Seminar & Expo ($18) Brisbane 2013
- Stock Calc App
- All About Warrants
- Introduction to Exchange Traded Funds
- Introduction to Exchange Traded Funds: Features
- Introduction to Exchange Traded Funds: Domestic ETFs
- Introduction to Exchange Traded Funds: International ETFs
- Exchange Traded Commodities
- Exchange Traded Commodities: In Summary
- How much Should I Pay for an Option?
- Options Trading: Time Value
- Options Pricing
- Why You Should Trade Index Options
- How to Weather out Flat Markets Using Options
- Australian Stock Scan
- Australian Online Share Trading
- List of Trading Books
- Interesting Thoughts about the Australian Dollar
- What's the Meaning of Hawkish?
- Do You Know How To Use the P/E Ratio
- Trading, Religion and Politics - Do They Have Anything in Common?
- Shares that are Volatile that Double and Half in the Short Term
- Telstra (TLS) T3
- Margin Call by E-mail
- The Cost of Holding a Position
- Lack of Disclosure: Compensation from ASX Listed Company
- Unrealistic Returns and Benchmarks
- CMC Markets Down
- Quality versus Quantity Forex Trading
- Woolworths 1H Sales $30.7bn up 3.2%
Date added 31-01-2013
- ASIC Fines CommBank's CommSec
Date added 25-09-2012
- Industry Super Network Calls to Ban High Frequency Trading (HFT)
Date added 22-09-2012
- NAB Launches Online Share Trading Platform
Date added 19-09-2012
- Reserve Bank of Australia Says 23 Countries Holding AUD
Date added 18-09-2012
- Australia Post Digital Mailbox
Date added 10-09-2012
- Winners and Losers of Trading for Week 2
Date added 16-01-2012
- 2012's First Week of the Best and Worst Traded Stocks
Date added 09-01-2012
- 2011's Last Best and Worst Traded Stocks
Date added 05-01-2012
- Best and Worst Pre-Christmas Traded Stocks
Date added 30-12-2011
- Trading Winners and Losers for Dec. 12-16
Date added 19-12-2011
- Best and Worst Traded Stocks for Dec. 5-9
Date added 13-12-2011
- Top 3 Best and Worst Traded Stocks
Date added 05-12-2011
- ASX Glitch Trading Halt
Date added 27-10-2011
- Worst Trade Stocks (and the Best)
Date added 06-08-2011
Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
ASX GICS Sector Company List
- Automobile & Components
- Capital Goods
- Commercial Services & Supplies
- Consumer Durables & Apparel
- Consumer Services
- Diversified Financials
- Food & Staples Retailing
- Food Beverage & Tobacco
- Health Care Equipment & Services
- Pharmaceuticals, Biotechnology & Life Sciences
- Real Estate
- Semiconductors & Semiconductor Equipment
- Software & Services
- Technology Hardware & Equipment
- Telecommunication Services