Atlas Arteria Responds to IFM's Seventh Supplementary Bidder's Statement
Key points
- IFM increased its offer to $5.10 per share
- IFM waived some but not all offer conditions
- Atlas Arteria recommends shareholders reject the offer
Full summary
Atlas Arteria Limited has released a statement in response to the Seventh Supplementary Bidder's Statement by Diamond Infraco, an entity acting on behalf of IFM Investors. IFM has increased its offer to $5.10 per share and waived some offer conditions. Atlas Arteria continues to recommend that its securityholders reject IFM's offer, stating that it remains too low and does not appropriately value the company. The offer will not close until 7pm on 25 June 2026 unless extended. Atlas Arteria will release a formal Supplementary Target's Statement in response to these developments.
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