Chanticleer
Regulators circle the $17b battle for AusNet
FIRB and the ACCC look likely to play a role in determining the takeover bid for the energy company – and regulatory hurdles loom.
As the market waits impatiently for the Takeovers Panel to rule on whether APA Group can join Brookfield in getting access to AusNet’s books, attention is turning to where the $17 billion bidding battle heads next.
The panel’s decision is the next big moment in this fight, but it’s debatable how much it matters – it may be the difference between APA starting due diligence immediately or in a few weeks. As such, the regulatory hoops the two parties will need to pass through are arguably the next thing to consider.
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