Shareholders are resisting the low-ball bid from the toll road group’s most powerful investor. But there may be another path forward.
Atlas Arteria
ASX:ALX
One of the year’s biggest M&A battles descends into a war of words.
The board of the toll road group has the backing of at least one major shareholder. But a hostile takeover from its largest investor may be inevitable.
Atlas chair Debbie Goodin said she was blindsided by IFM as it made its takeover approach, but remains open to an improved bid.
