No deal: Travellers preparing to board a passenger aircraft at Sydney Airport. The airport operator is open to a higher offer from bidders. — Bloomberg
SYDNEY: Sydney Airport Holdings Pty Ltd has rejected an improved bid from a group of infrastructure investors worth A$22.80bil (US$16.81bil or RMRM71.2bil), saying that it undervalued the airport operator, but that it was open to a higher offer.
The new offer valued Sydney Airport at A$8.45 (RM26.37) per share, 2.4% higher than the previous offer of A$8.25 (RM25.73) a share, and a more than 9% premium to the stock’s Friday close.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
