APA pressured over Envestra bid

APA may be forced to raise bid, threatening potential value of offer.

The lukewarm reception to APA Group Ltd's bid for Envestra Ltd has extended to a key investor who has questioned the value of APA's bid, according to The Australian Financial Review.

The response thus far to APA's bid could force APA to lift its offer by as much as 10 cents per share if it hopes to be successful, which could risk APA's ability to realise value from the deal.

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