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Sydney Airport bid spares ASX a loss – The Australian Financial Review

A takeover offer for Sydney Airport spared the market from closing lower on Monday, with the majority of local shares falling…

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Sydney Airport soared 33.9 per cent to $7.78 after it received an unsolicited $22 billion takeover bid from a group of infrastructure investors including IFM, QSuper, and Global Infrastructure Management in the US. The $8.25-a-share offer was made at a…

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