Takeover forces revaluation of Infratil assets: Forsyth Barr

Mon, 14 Dec 2020

AustraliaSuper is taking advantage of the fact that Infratil has been trading at a 30 percent discount to the net value of its assets, forcing investors to reassess how they price the stock.Research analysts from Forsyth Barr said AustralianSuper's $7.43 per share bid to buy Infratil at a 20-to-25 percent premium is likely to result in the stock trading closer to its net asset value, even if the offer is rejected.The company’s share price has already leapt to $7.165 —a near 25 percent increase— as investors have rushed to...

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