March 7 (Reuters) - Australian Pipeline Ltd APA.AX :
* APA announces recommended cash offer for EPX APA.AX
* Under the terms of the offer, EPX securityholders will receive A$1.88 cash per EPX security
* Says the offer price plus the March 2016 distribution of 3.25 cents per epx security
* Offer price implies a total equity value of approximately A$130.3M for epx
* The independent directors of EPX have unanimously agreed to recommend APA's offer in the absence of a superior offer
* APA will fund the offer with a mix of existing cash reserves and debt facilities
* Source text for Eikon ID:nASXv6dC9