Z Energy board gives thumbs up to $2b Ampol offer

Z Energy's board wrangled a bit more out of its Australian suitor. (Image: Getty)

Mon, 11 Oct 2021

Z Energy’s board has given the thumbs up to a $1.99 billion takeover offer from Australian suitor Ampol.The $3.78 per share headline offer has remained unchanged, but Z Energy shareholders will be allowed to keep $26 million, or 5 cents per share, of their own money with the deal not adjusting for an interim dividend to be paid. The headline price is an 11.8% premium to the $3.38 price the shares closed at on Friday.New Zealand’s biggest fuel station chain entered into a binding scheme implementation agreement with Ampol, the Austra...

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