Canada Pension Board Lowers Debt On Auckland Airport Bid
The Canada Pension Plan Investment Board (CPPIB) has cut the debt portion of its A$1.5 billion bid to buy a 40% stake in Auckland International Airport Ltd. to make the deal more appealing. CPPIB’s original offer was for A$3.65 (US$3.18) per share, but there were concerns about the amount of debt...
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