Two week extension for Ampol’s Z bid

Mon, 27 Sep 2021

Z Energy advised its four week period for takeover talks with Australian transport fuels business Ampol will be extended for a further two weeks and stressed again that “there is no certainty that discussions … will result in any agreement on a transaction”.Z announced the offer from Ampol on Aug 23, saying it was the third offer received from the Brisbane-based ASX-listed company, with comments from Z’s chief executive Mike Bennetts indicating a desire for a further improvement in Ampol’s offer of $3.78 a share.A...

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