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PE-Backed Co. Won't Match $1.5B Bid For Aussie Pipeline Biz

By Jake Simpson (August 20, 2012, 1:24 PM EDT) -- Private equity-backed gas distributor Pipeline Partners Australia Pty. Ltd. will not match the latest offer for Hastings Diversified Utilities Fund Inc., Pipeline said Monday, paving the way for rival APA Group to acquire the pipeline owner for up to $1.5 billion....

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