Sydney Airport Says Takeover Bid Undervalues Shares

Sydney International Airport
Credit: Saeed Khan/AFP/Getty Images
The Sydney Airport board has rejected a proposed takeover by a consortium of investors, signaling that the offered share price was too low. The airport board concluded that the unsolicited proposal “undervalues Sydney Airport and is not in the best interests” of shareholders. The airport will only...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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