Release of Third Supplementary Target's Statement
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| Stock | Atlas Arteria (ALX.ASX) |
|---|---|
| Release Time | 16 Jun 2026, 9:14 a.m. |
| Price Sensitive | Yes |
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Atlas Arteria Releases Third Supplementary Target's Statement
Key Points
- Atlas Arteria recommends securityholders REJECT the off-market takeover bid by IFM.
- The Offer Price of $5.10 is 12% below the Independent Expert's valuation range midpoint.
- Atlas Arteria reiterates its 2026 ordinary distribution guidance of 40.0cps.
Full Summary
Atlas Arteria has released its Third Supplementary Target's Statement in response to the off-market takeover bid by IFM Global Infrastructure Fund. The company's Independent Directors continue to recommend that shareholders reject the bid, as the offer price of $5.10 per share is 12% below the Independent Expert's valuation range midpoint. Atlas Arteria also reiterates its 2026 ordinary distribution guidance of 40.0 cents per share and highlights IFM's history of increasing offer prices in previous transactions.
Guidance
Atlas Arteria reiterates 2026 ordinary distribution guidance of 40.0 cents per share.
Outlook
Atlas Arteria believes the offer undervalues the company and does not reflect an appropriate control premium.
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