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Comment: Deficient $5.4b bid for Infratil still a risk for NZX
Newsroom
10/12/2020
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There’s a certain irony to the news listed infrastructure investment company Infratil might be sold to the Aussies, writes Nikki Mandow
Earlier this week, $190 billion superannuation giant AustralianSuper formally announced a $5.4 billion takeover offer for Infratil. This was, apparently, a new improved price following a previous, secret bid in October.
The Infratil board dismissed both, describing them as “unsolicited”, “deficient” and materially undervaluing the company’s renewable energy and digital infrastructure platforms. ....

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