ALX.ASX: Release of Fourth Supplementary Target's Statement

Release of Fourth Supplementary Target's Statement

Stock	Atlas Arteria (ALX.ASX)
Release Time	18 Jun 2026, 9:14 a.m.
Price Sensitive	Yes

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Atlas Arteria's Fourth Supplementary Target's Statement on IFM Takeover Bid

Key Points

Atlas Arteria recommends shareholders reject the IFM takeover offer
The offer is considered too low and opportunistic
Atlas Arteria can deliver more value through asset sales or higher distributions

Full Summary

Atlas Arteria has released its fourth supplementary target's statement in response to the off-market takeover bid by IFM Global Infrastructure Fund. The company continues to recommend that shareholders reject the offer, stating that it remains too low and opportunistic. Atlas Arteria believes the offer is 12% below the midpoint of the Independent Expert's valuation range. The company also highlights that IFM has a history of increasing offer prices in previous transactions, averaging a 38% increase. Atlas Arteria is exploring alternative ways to deliver value to shareholders, including asset sales and higher distributions, and has attracted interest in its asset portfolio.

Guidance

Atlas Arteria reiterates its 2026 distribution guidance of 40.0cps and targets at least 40.0cps in ordinary distributions.

Outlook

Atlas Arteria continues to explore options to maximize value for shareholders, including asset sales and higher distributions.