Futures contracts for the S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index are pointing to a slightly negative open on Wednesday morning with APA Group (ASX: APA) in the spotlight.

Here’s the key headline data:

Australian Dollar ($A) (AUDUSD): 75.71 US cents

Dow Jones (DJI): flat

Oil (WTI): $US65.74 per barrel

Gold: $US1,298 per ounce

Australian Investing News

Making news in Australia today, Australia’s gas pipeline giant APA Group (ASX: APA) has received a massive $13 billion takeover offer, or $11 per share, from a consortium led by China’s CK Infrastructure Holdings Limited (CKI), CK Asset Holdings Limited (CKA) and Power Assets Holdings Limited.

APA Group Chairman Michael Fraser noted, ‘The APA Board will continue to evaluate the proposal and will update APA’s Securityholders and the market as appropriate.’