Breakfast Deals: Elusive Envestra

APA Group may have to dial up the charm on its Envestra proposal, while Billabong's takeover offer hits a sour note as rival funds pipe up.

APA Group might have to dig a little deeper if it’s to win Envestra as a merger partner. Almost all signs point to a ‘no’ answer to the current $1.3 billion offer. Meanwhile, Billabong International’s lenders are none-too-pleased at being refused an opportunity to counter Altamont Capital Partners’ recapitalisation offer, but they have hardly been left with nothing. Also, Federation Centres has snapped up two more shopping centres.

APA Group, Envestra

It’s looking increasingly likely that gas pipeline operator APA Group will have to improve its $1.3 billion merger offer for Envestra if it’s to win over the target’s directors.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles