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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...

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 b...

AGL demerger in doubt as investors query CEO exit Apr 27, 2021 – 12.01am Save Share The shock departure of Brett Redman as CEO of AGL Energy has fuelled speculation that the demerger plan he developed may have hit the rocks, with his exit giving space for top management to backtrack and adjust the strategy for the embattled electricity and gas supplier. Investors and analysts are still struggling to understand the circumstances around last week’s sudden exit of Mr Redman – the architect of the demerger plan – which has plunged the country’s biggest electricity and gas...