Business
Infratil rejects AustralianSuper’s $5.1b takeover bid for being too low – ABC News
New Zealand infrastructure investor Infratil bluntly rejects a $5.1 billion takeover offer from AustralianSuper for being too low, less than 24 hours after it was…
New Zealand infrastructure investor Infratil has bluntly rejected a $5.1 billion takeover offer from AustralianSuper for being too low, less than 24 hours after it was made.
Key points:
- AustralianSuper manages $180 billion worth of retirement savings
- Infratil says AusSuper’s takeover bid “undervalues” its assets
- The NZ company says a number of companies are keen to buy its renewable energy businesses
In what would have been one of the year’s biggest deals, the New Zealand company said the offer materially…
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