SYDNEY: Hong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure on Monday offered Aus$7.3 billion (US$5.4 billion) in a takeover tilt at Australia’s Duet Group, which said it was considering the bid.
The unsolicited and conditional Aus$3 per security offer for the energy utility asset owner represented a near 28 percent premium to Duet’s closing share price on Friday.
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