Page 21 - Telstra Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Sydney Airport board rejects $16.6 billion buyout proposal By Jamie Freed Reuters 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 in reaction to 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 inter...

Jul 01 2021 Telstra has wrapped up a deal for its mobile towers at a full price while also retaining a controlling stake -Transaction completed early and price well ahead of most broker estimates -Telstra expects to return 50% of net proceeds of $2.8bn -Higher mobile pricing also appears to be stickier   By Eva Brocklehurst Telecommunication infrastructure assets are in high demand and Telstra Corp ((TLS)) has wrapped up a deal that is ahead of expectations in terms of timing and price, bypassing the auction process that was to take place in the December half. The sale of 49% of the mobile t...

By Reuters Staff 2 Min Read June 30 (Reuters) - Australian shares climbed nearly 1% on Wednesday, tracking a strong overnight finish in Wall Street, while Telstra scaled a 16-1/2-month high on plans to sell nearly half of its mobile tower business for A$2.8 billion ($2.1 billion). The S&P/ASX 200 index was up 0.9% at 7,366.4. The benchmark closed flat on Tuesday. Elsewhere, Japan’s Nikkei was up 0.24% and S&P 500 E-minis futures were up 0.12%. The S&P 500 and the Nasdaq registered record closing highs overnight, lifted by Apple Inc and other technology stocks after an upbeat consumer confid...