Company News Summary
Hastings Diversified Utilities Fund Releases Target's Statement Accepting Pipeline Partners Offer
Original announcement: Target's Statement - Pipeline Partners Australia's Offer
Hastings Diversified Utilities Fund released its target's statement in relation to the off-market takeover bid by Pipeline Partners Australia for all the stapled securities in the fund. The independent directors of the fund unanimously recommend that shareholders accept the offer in the absence of a superior proposal and subject to the independent expert continuing to conclude that the offer is fair and reasonable.
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