Tenth Supplementary Bidder's Statement
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| Stock | Atlas Arteria (ALX.ASX) |
|---|---|
| Release Time | 23 Jun 2026, 2:33 p.m. |
| Price Sensitive | Yes |
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Atlas Arteria: Tenth Supplementary Bidder's Statement
Key Points
- IFM GIF now holds over 48% of Atlas Arteria securities
- IFM GIF objects to Atlas Arteria's asset sales and increased leverage
- Offer is unconditional, best and final, closing imminently
Full Summary
Diamond Infraco 1 Pty Ltd, a wholly-owned subsidiary of IFM Global Infrastructure Fund, has issued its tenth supplementary bidder's statement in relation to its takeover offer for Atlas Arteria. The offer, which is unconditional, best and final, will close on 25 June 2026 unless the bidder's voting power in Atlas Arteria exceeds 50%. IFM GIF now holds over 48% of Atlas Arteria securities. IFM GIF reiterates its disappointment with Atlas Arteria's asset sales and increased leverage, which it believes are not value-maximizing and could jeopardize long-term sustainability. The offer price of A$5.10 per security is final and will not be increased in the absence of a competing proposal.
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