Canada’s Brookfield is set to sign a binding deal to acquire Australia’s AusNet Services after increasing its all-cash offer to more than $18 billion, including debt.
It is understood Brookfield returned to AusNet with a materially higher and binding bid to acquire the company over the weekend, sparking a round of takeover talks that was aimed at having a binding agreement come Monday morning.
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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
