Atlas Arteria Releases Seventh Supplementary Target's Statement
Key points
- Atlas Arteria released its Seventh Supplementary Target's Statement
- Independent Directors recommend rejecting IFM's offer
- Consideration of OTPP Put Option and IFM's eleventh supplementary bidder's statement
- Encourages securityholders to seek independent advice
Full summary
Atlas Arteria Limited has issued its Seventh Supplementary Target's Statement in response to IFM's off-market takeover bid. The company's Independent Directors continue to recommend that securityholders reject the offer. The statement discusses the consideration of the OTPP Put Option and IFM's eleventh supplementary bidder's statement. Atlas Arteria encourages securityholders to seek independent financial, legal, tax, or other professional advice before taking any action regarding the offer.
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