Business
Why the Infratil (ASX:IFT) share price rocketed 21% higher today
One of the best performers on the Australian share market on Tuesday was the Infratil Ltd (ASX: IFT) share price.
The New Zealand-based infrastructure investment company’s shares rocketed 21% higher before being hurriedly placed into a trading halt shortly before the market close.
This means the Infratil share price ended the day at a record high of $6.80.
Why was the Infratil share price rocketing higher?
It appears as though Link Administration Holdings Ltd (ASX: LNK) isn’t the only company receiving a takeover approach today.
Investors were buying Infratil’s shares this afternoon amid reports that one of Australia’s leading superannuation funds has made a takeover approach for the dual-listed company.
According to the…
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