ALX Price sensitive 23 Jun 2026, 2:33 PM

Tenth Supplementary Bidder's Statement

Atlas Arteria

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.

Summary generated by a large language model. Please interpret with care.

Sign in for more about this company, including guidance changes and other insights.
Sign in