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Page 15 - ஆஂடேரியொ ஆசிரியர் ஓய்வூதியம் திட்டம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Spark Infrastructure rejects takeover bid from investor group: Reuters

Spark Infrastructure rejects takeover bid from investor group: Reuters
pehub.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pehub.com Daily Mail and Mail on Sunday newspapers.

Sydney Airport rejects $17 billion buyout proposal amid deal frenzy

4 Min Read SYDNEY (Reuters) - Sydney Airport Holdings Pty Ltd said on Thursday it would reject a A$22.26 billion ($16.6 billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by record-low interest rates. FILE PHOTO: People walk through the domestic terminal at Sydney Airportin Sydney, Australia, December 21, 2020. REUTERS/Loren Elliott The operator of Australia’s largest airport said directors had unanimously concluded the proposal undervalued the airport and was not in the best interest of shareholders. If successful, it would have been one of Australia’s biggest buyouts. Record-low interest rates have prompted pension funds and their investment managers to chase higher yields, leading to recent asset purchases from Telstra Corp and Qube Holdings.

Sydney Airport rejects $17 bln buyout proposal amid deal frenzy

Board says proposal undervalues airport Would have been one of Australia s biggest buyouts SYDNEY, July 15 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD.AX) said on Thursday it would reject a A$22.26 billion ($16.6 billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals fuelled by record-low interest rates. The operator of Australia s largest airport said directors had unanimously concluded the proposal undervalued the airport and was not in the best interest of shareholders. If successful, it would have been one of Australia s biggest buyouts. Record-low interest rates have prompted pension funds and their investment managers to chase higher yields, leading to recent asset purchases from Telstra Corp (TLS.AX) and Qube Holdings (QUB.AX). read more

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