Envestra declares final dividend

SYDNEY: Australian gas pipeline owner Envestra Ltd declared a final dividend earlier than planned, potentially throwing into doubt a A$2.2 billion (RM6.58 billion) takeover offer from Hong Kong’s Cheung Kong Infrastructure Holdings Ltd (CKI). Envestra’s directors have recommended the May 9 offer from billionaire Li Ka-shing’s company, but both firms recently revealed they disagreed on the date when the Australian takeover target would declare its final dividend. Envestra wanted to bring the date forward to yesterday but CKI objected. Reuters