Australian Toll Operator Surges on Takeover Bid at A$7.4 Billion Valuation
IFM Investors Pty. has launched a takeover bid for toll road operator Atlas Arteria Ltd., arguing the Sydney-listed group it already partly owns has underperformed on returns, strategy and operations.
By Richard Henderson · Bloomberg Markets
IFM Investors Pty. has launched a takeover bid for toll road operator Atlas Arteria Ltd., arguing the Sydney-listed group it already partly owns has underperformed on returns, strategy and operations.