Canadian investment firm OPTrust is believed to be working on a bid for in-play listed energy infrastructure company Pacific Energy.
OPTrust is expected to seek to better a 97.5¢ a share offer from Australia's QIC Ltd, which was endorsed by Pacific Energy's board and major shareholder in July.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
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
