Australian Toll Operator Surges on Takeover Bid at A$7.4 Billion Valuation

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Bloomberg Markets 4 days ago • bloomberg.com

Australian Toll Operator Surges on Takeover Bid at A$7.4 Billion Valuation

IFM Investors Pty. has launched a takeover bid for toll road operator Atlas Arteria Ltd., arguing the Sydney-listed group it already partly owns has underperformed on returns, strategy and operations.

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