your get another 5c if the deal isnt settled by end march
The Z Energy board has unanimously recommended Ampol's offer of $3.83 a share, which has been boosted by Ampol agreeing to the payment of 5 cents a share of the next dividend.
The deal values Z Energy at about $2 billion.
"The Z Board unanimously recommends that shareholders vote in favour of the scheme, subject to the scheme consideration being within or above the valuation
range specified by the independent advisor and in the absence of a superior proposal being made for Z," the company said in a statement.
The payout would increase by another 5 cents a share if the deal is not settled by the end of March next year.