Sydney Airport spurned a A$22.3 billion takeover proposal from a group of infrastructure funds. It reckons it can deliver growth and value on its own, effectively turning itself into a Covid-19 rebound hub: jgfarb
Sydney Airport said on July 15 that it would reject a A$22.3 billion takeover proposal from a group of infrastructure funds because it undervalues the company and is not in the best interest of shareholders.
The Sydney Aviation Alliance – which includes IFM Investors, QSuper and Global Infrastructure Partners – offered A$8.25 a share, a 42% premium to the undisturbed price on July 2 of the operator of Australia’s largest airport.Masked airport employees walk through a domestic terminal at Sydney Airport in Sydney, Australia, November 16, 2020.
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