Australia's Atlas Arteria jumps on takeover offer from IFM Global Infrastructure Fund

Atlas Arteria

27/04/2026 01:47

** Shares of Atlas Arteria ALX.AX rise as much as 15.5% to A$5.00, hitting their highest level since February 26

** Stock of the Atlas Arteria set for its strongest intraday session since June 8, 2022, if gains hold

** IFM Global Infrastructure Fund offered to acquire all shares it does not currently own in Atlas Arteria, valuing it at A$6.89 bln ($4.92 bln)

** IFM Global Infrastructure Fund proposed to buy all remaining co's securities at A$4.75 per unit

** IFM's offer price to be increased to maximum of A$5.10 per security if Diamond's relevant interest in co's securities is 45% or more before close of offer

** Day's moves cuts stock's YTD losses to 0.4%

($1 = 1.3992 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))