(Bloomberg) -- Macquarie Bank Ltd., Australia's largest securities firm, made a new takeover bid for Alinta Ltd. to trump an agreed A$7.4 billion ($6.1 billion) bid by Babcock & Brown Ltd. and Singapore Power Ltd.
The proposal from Macquarie is ``confidential and conditional'' and Alinta is seeking further information on the terms, Perth-based Alinta, Australia's biggest energy transmission company, said today in a statement. Macquarie's offer includes three options, including an all-cash bid, the Sydney-based bank said in a separate statement.
Read more at Bloomberg Energy News
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