Business
No deal: Sydney Airport to reject IFM Investors, no diligence – The Australian Financial Review
The board is in no mood to accept the $8.25 a share bid, let alone give IFM a look at its books.
For its part, IFM Investors and bid partners QSuper and Global Infrastructure Partners, reckon they put up a very credible number. Their offer, at $8.25, was a 42 per cent premium to where Sydney Airport shareholders were trading and well north of any analyst…
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