A bidding war in the pipeline

Pipeline infrastructure group APA may have to boost its offer for Hastings Diversified Utilities Fund, thanks to a rival bid from Canada.

PORTFOLIO POINT: A group of Canadians has turned HDF into a contested bid, and there’s a good chance APA will make a higher offer.

Hastings Diversified Utilities Fund (HDF). In spite of the terrible state of the Australian sharemarket, there is a contested bid for HDF – and there’s a reasonable chance of an increase.

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