Envestra Ltd.(EVSRF)- Grey Market
EVSRF is defunct.
  • May 30, 2014, 7:59 AM
    • Billionaire Li Ka-shing (CHEUY) gains the upper hand in a takeover battle for Australian natural gas distributor Envestra (EVSRF) after the target company's board recommends shareholders accept his A$2.2 bid.
    • The directors of Envestra, which owns 14K-plus miles of gas distribution networks and ~700 miles of transmission pipelines, earlier had endorsed a bid worth ~A$2B by APA Group (APAJF), a larger rival in Australia’s gas distribution business.
    • The months-long bidding war comes as Australia's growing appetite for natural gas sparks a feeding frenzy in the country's infrastructure sector.
    | May 30, 2014, 7:59 AM