Atlas Arteria Issues Target's Statement on Takeover Bid
Key points
- Atlas Arteria released its Target's Statement in response to the takeover bid by Diamond Infraco.
- The Independent Directors recommend shareholders reject the offer.
- Shareholders can contact the ALX Securityholder Information Line for queries.
Full summary
Atlas Arteria Limited (ASX:ALX) has issued its Target's Statement in response to the unsolicited off-market cash takeover bid by Diamond Infraco 1 Pty Ltd, a wholly-owned subsidiary of IFM Global Infrastructure Fund. The Target's Statement has been sent to the Bidder and lodged with the Australian Securities and Investments Commission. The Independent Directors of Atlas Arteria unanimously recommend that shareholders reject the offer. Shareholders can contact the ALX Securityholder Information Line for any questions related to the offer.
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