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GasNet bins Babcock bid

Tracy Lee
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Shareholders in Victorian gas transmission company GasNet Australia said they were not interested in a $356 million takeover from Babcock & Brown Infrastructure and Australian Pipeline Trust but might be if there was some cash on offer.

They said the hostile offer of Babcock & Brown Infrastructure shares in exchange for GasNet shares was flawed.

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    Original URL: https://www.afr.com/companies/gasnet-bins-babcock-bid-20060810-jf8vr