Brief: Atlas Arteria Says Independent Directors Continue To Recommend Securityholders Reject IFM Takeover Offer
Today 02:21
BRIEF-Atlas Arteria Says Independent Directors Continue To Recommend Securityholders Reject IFM Takeover Offer June 22 (Reuters) - Atlas Arteria Group ALX.AX:
INDEPENDENT DIRECTORS CONTINUE TO RECOMMEND SECURITYHOLDERS REJECT IFM TAKEOVER OFFER
INDEPENDENT DIRECTORS NOW INTEND TO TARGET PAYING DISTRIBUTIONS OF AT LEAST 60.0 AU CENTS PER SECURITY IN 12 MONTHS AFTER OFFER PERIOD
TARGET WILL REDUCE SUBSEQUENT DISTRIBUTIONS IN MEDIUM TERM BY UP TO 2.0 AU CENTS PER ALX SECURITY PER ANNUM
ENTERED INTO EXCLUSIVE DISCUSSIONS WITH EIFFAGE S.A FOR POTENTIAL SALE OF 100% STAKE IN WARNOW TUNNEL IN GERMANY
IF SALE TO EIFFAGE PROCEEDS, CO EXPECTS THAT SALE PRICE WILL BE CONSISTENT WITH INDEPENDENT EXPERT’S RANGE OF €100M TO €115M
Further company coverage: ALX.AX
((Reuters.Briefs@thomsonreuters.com;))
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