Atlas Arteria Tells Holders to Reject New IFM Investors Bid
Australia-listed toll road operator Atlas Arteria Ltd. has recommended shareholders reject a higher bid from IFM Investors, saying the offer is too low and “materially undervalues” the company.
By Richard Henderson · Bloomberg Markets
Australia-listed toll road operator Atlas Arteria Ltd. has recommended shareholders reject a higher bid from IFM Investors, saying the offer is too low and “materially undervalues” the company.