Citi warns Atlas Arteria shareholders of limits with early IFM offer acceptance

Atlas Arteria

26/05/2026 19:38

** Citi says provisions around Atlas Arteria shareholders who accept the offer now may not benefit from higher pricing and may restrict shareholders from accepting the bid in the near term, potentially in anticipation of a higher offer
** Toll roads operator on Tuesday advised shareholders to reject IFM Global Infrastructure Fund's offer to buy at A$4.75 to A$5.10 per share, stating that it undervalues the firm
** Analysts at Citi remain neutral-rated on Atlas Arteria ALX.AX; Jefferies keeps 'buy' rating
** Jefferies says it continues to support the decision to reject IFM's takeover offer, which does not reflect fair value for ALX shareholders
** ALX down 0.8% YTD, as of last close

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))