September 12, 2021
SYDNEY (Reuters) – Sydney Airport Holdings Pty Ltd said on Monday it had granted a consortium of infrastructure investors access to due diligence after the group boosted a takeover proposal by 3.6% to A$23.6 billion ($17.37 billion).
The improved offer of A$8.75 a share compares to prior proposals from the consortium of A$8.45 and A$8.25 respectively, both of which had been rejected by the airport operator’s board as inadequate.
($1 = 1.3587 Australian dollars)
(Reporting by Jamie Freed; editing by Diane Craft)
Source Link Sydney Airport board to grant due diligence after improved $17.4 billion offer
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