Friendly? I don't think so

The Hastings board has told shareholders to ignore APA’s billion-dollar offer. That doesn’t sound too friendly to me.

PORTFOLIO POINT: Hastings shareholders are being told to sit tight and anyway APA can afford to sweeten the offer.

Hastings Diversified Utilities Fund (HDF). One side is trying to claim it’s a friendly bid while the other says it’s decidedly hostile, so who’s right? It’s all in the detail.

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