ACC pushes Infratil to talk with AustralianSuper

Tue, 08 Dec 2020

Accident Compensation Corp is urging Infratil’s board to talk with AustralianSuper saying the $5.37 billion offer “ticks all the boxes”. AustralianSuper has lobbed in a cash and share offer of $7.43 a share to buy local infrastructure investor Infratil, the brainchild of the late Lloyd Morrison.ACC is Infratil’s largest shareholder with a 5.9 percent stake. Portfolio manager Blair Cooper said he expected Infratil’s board to engage with the offer and will need “some pretty compelling arguments” if t...

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