APA Group is set to lengthen the fuse on its exploding $17 billion bid for AusNet Services.
APA Group is expected to confirm on Wednesday that its cash and scrip offer with a $2.60 a share headline price did not explode on Tuesday night, as had been intended, even though it is yet to gain access to AusNet’s data room.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
