The deal, which was not unexpected, marks the second major acquisition by Santos in less than a year.
CK Infrastructure Holdings is leading a consortium which offered A$11 a share for APA in what would be the third biggest takeover, including debt, of
Sydney-based fund manager Merlon Capital Partners sent a letter to the board attacking what it called a "preposterous" and "inept" deal and seeking an
Macquarie has agreed to provide development capital and take an equity stake in the project, alongside Vestas, Intercontinental Energy, and CWP Energ
The deal would make CKI, founded by Hong Kong tycoon Li Ka-shing, the major gas pipeline player in Australia.
IPOs & Markets
The initial public offering is expected to value the whole company at around A$3 billion.
Private equity firms are expected to drive a wave of merger activity in Australia's oil and gas sector
The first half of this year has marked the busiest period for Australian issuers since early 2007.
Institutional investors have already committed to buy about A$1.2 billion worth of shares.
It has hiked its bid for a fifth time in nine months after a steep rise in oil prices and potentially deterring any rival bids.
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