AusNet agrees to takeover by Brookfield-led group: Reuters

Australia's AusNet Services has agreed to a A$10.2 billion ($7.66 billion) takeover offer from a consortium led by Canada's Brookfield Asset Management.

Australian energy company AusNet Services has agreed to a A$10.2 billion ($7.66 billion) takeover offer from a consortium led by Canada’s Brookfield Asset Management, Reuters reported. The company added that rival bidder APA Group was free to make a better counteroffer. Brookfield’s proposal has the backing of Singapore Power Group, which holds a 32.74 percent stake in AusNet.

See Reuters story here.