IFM Investors Raises Atlas Arteria Bid to A$5.10, Removing Conditions
Updated
Updated · Bloomberg · Jun 15
IFM Investors Raises Atlas Arteria Bid to A$5.10, Removing Conditions
1 articles · Updated · Bloomberg · Jun 15
Summary
A$5.10 a share is now IFM Investors' best and final offer for Atlas Arteria, with certain conditions removed to strengthen the takeover proposal.
IFM lifted the bid from its initial April offer of A$4.75 per share, which had been structured to rise to A$5.10 only after its stake exceeded 45% of shares outstanding.
The revised terms make the full A$5.10 price immediately available under the final offer, sharpening pressure on Atlas Arteria shareholders as the takeover contest enters a decisive stage.