Cheung Kong takes 87.5% of Envestra

By Amber Plum

Hong Kong's Cheung Kong has reached an acceptance level of 87. 5 per cent in its takeover offer for Envestra, edging closer to the 90 per cent compulsory acquisition threshold. The $1. 32 per share off-market cash offer, which values Envestra at $2. 37 billion, closes on August 21.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Read more here: Business Spectator

    

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