By David WinningSYDNEY--Australian power distributor AusNet Services Ltd. said it has agreed to an improved takeover offer from a consortium led by Brookfield Asset Management Inc. that it deems to be superior to a rival proposal from APA Group. AusNet said the consortium's new all-cash offer values its equity at 10.2 billion Australian dollars (US$7.67 billion), or A$2.65 a share, and that major shareholder Singapore Power Ltd. has signaled it intends to vote in favor of the proposal.

Source: Wall Street Journal October 31, 2021 22:05 UTC