Takeover target Z Energy wants Australia’s Ampol to pick up regulatory risk associated with its $3 billion bid, by guaranteeing dividends flow to its shareholders while the mooted deal completes.
As Ampol enters the final week of its four-week exclusive due diligence program, it is understood Z Energy’s future dividend payments have emerged as a key battleground.
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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
