Australia's Atlas Arteria eyes best week in nearly 4 years on $4.9 billion buyout offer

Atlas Arteria

01/05/2026 03:02

** Shares of Atlas Arteria ALX.AX up 10.4% so far this week, on track for their best week since June 2022, if gains hold

** On Monday, IFM Global Infrastructure Fund offered to buy all shares it does not currently own in the Australian toll operator, valuing it at A$6.89 billion ($4.96 billion)

** Following the offer, ALX stock climbed more than 13% on Monday, logging its best day since June 8, 2022

** Company said it would establish an independent board committee to consider the offer

** Still, shares down 0.4% on Friday, set for their fourth consecutive session of losses

** Stock down over 2% this year, including the day's move

($1 = 1.3891 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))