Atlas Arteria's independent expert finds IFM Global's offer not fair or reasonable

Atlas Arteria said its independent expert backed the company's earlier rejection of IFM Global Infrastructure Fund's A$6.89 billion takeover proposal. The update reinforces management's stance that the offer undervalues the toll road operator. The news is modestly relevant for deal expectations but is unlikely to have broad market impact.

Analysis

Atlas Arteria said its independent expert backed the company's earlier rejection of IFM Global Infrastructure Fund's A$6.89 billion takeover proposal. The update reinforces management's stance that the offer undervalues the toll road operator. The news is modestly relevant for deal expectations but is unlikely to have broad market impact.