At present, the Board of Director of Duet is considering the offer. Meanwhile, recently, in August, the Government of Australia declined a bid made by Hong Kong billionaire Li Ka-Shing’s CKI for a controlling stake of state-owned energy grid Ausgrid. The offer was totaling to A$10 billion.
According to the available information, Duet received an “an unsolicited, indicative, incomplete, non-binding and conditional proposal” of A$3 per share in cash, a 28% premium to its last trade on Friday.