ALX.ASX: Release of Supplementary Target's Statement

Release of Supplementary Target's Statement

Stock	Atlas Arteria (ALX.ASX)
Release Time	2 Jun 2026, 9:21 a.m.
Price Sensitive	Yes

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Atlas Arteria Releases Supplementary Target's Statement

Key Points

Atlas Arteria advises shareholders to reject the off-market takeover offer by IFM Global Infrastructure Fund
The offer is deemed too low, opportunistic, and highly conditional
Independent Expert reconfirms the offer undervalues Atlas Arteria

Full Summary

Atlas Arteria has released a Supplementary Target's Statement in response to an unsolicited off-market takeover bid by IFM Global Infrastructure Fund. The company's Independent Directors continue to recommend that shareholders reject the offer, stating it is too low, opportunistic, and highly conditional. The offer price of $4.75 per security is below the Independent Expert's valuation range of $5.39 to $6.20 per security and the closing price of $5.04 on 1 June 2026. The offer also remains subject to extensive conditions, and the Bidder has the ability to pay more after the offer period.

Guidance

Offer price: $4.75 per security; Independent Expert valuation: $5.39 to $6.20 per security

Outlook

Atlas Arteria encourages shareholders to consider the offer carefully and seek independent financial advice before making a decision.