{"id":55632,"date":"2014-08-07T14:11:13","date_gmt":"2014-08-07T18:11:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=55632"},"modified":"2014-08-07T14:11:13","modified_gmt":"2014-08-07T18:11:13","slug":"why-the-envestra-limited-share-price-rise-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/08\/why-the-envestra-limited-share-price-rise-today\/","title":{"rendered":"Why the Envestra Limited Share Price Rise Today?"},"content":{"rendered":"
August 7, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Envestra Price?<\/h2>\n

Envestra Limited [ASX: ENV]<\/strong> is natural gas distributor in Australia. The company distributes natural gas to retail and industrial customers through its transmission pipelines. ENV own 22,500kms of natural gas distribution networks and 1,120kms of transmission pipelines. Envestra serves around 1.14 million customers in Victoria, New South Wales, Northern Territory, Queensland and South Australia. <\/p>\n

The share price closed 2.73% higher on Thursday <\/p>\n

Why Did This Happen to ENV Shares?<\/h2>\n

In May this year, CK ENV Investments launched a 50% takeover of Envestra. CK are willing to pay $1.32 per share. When CK announced the offer, ENV shares were trading at $1.145. To be accepted by CK ENV Investments, there must be a 50% take up of Envestra\u2019s shareholders. It expires on Friday, 8th August.<\/p>\n

What Now For Envestra Limited? <\/h2>\n

CK ENV Investments offer isn\u2019t the first this year for Envestra.<\/p>\n

Earlier this year in March, APA Group [ASX: APA]<\/strong> \u2014 Australia\u2019s largest natural gas distributor \u2014 made a $2.1 billion takeover offer for ENV. APA have a 33% stake in the company. <\/p>

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However, two months later, the CK ENV Investments trumped this with the current $1.32 per share offer. <\/p>\n

APA have accepted CK ENV Investment offer and they will sell their 33% stake in Envestra. <\/p>\n

ENV\u2019s share price has rallied 17% so far this year. It\u2019s also offers a decent yield of 4.6%.
\nHowever, should CK ENV Investment\u2019s offer not go ahead, Envestra\u2019s share price will drop.<\/p>\n

In the unlikely chance CK ENV Investment 50% takeover doesn\u2019t happen, Envestra is likely to attract another take over in the future. <\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the Envestra Limited Share Price Rise Today?<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

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\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Envestra Price? Envestra Limited [ASX: ENV] is natural gas distributor in Australia. The company distributes natural gas to retail and industrial customers through its transmission pipelines. ENV own 22,500kms of natural gas distribution networks and 1,120kms of transmission pipelines. Envestra serves around 1.14 million customers in Victoria, New South […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-55632","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/55632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=55632"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/55632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=55632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=55632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=55632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}