AustralianSuper building its run for Infratil

Wed, 09 Dec 2020

The skirmish between Infratil and its unwelcome suitor AustralianSuper has only just begun, with the cashed-up bidder reportedly reaching out to shareholders to build support for another offer.The Australian pension fund is understood to be pursuing sustained public and shareholder pressure on the Infratil board to force further consideration of its $5.37 billion takeover bid at $7.43 a share.The proposal is to acquire the firm via scheme of arrangement, offering $5.79 cash per share plus the distribution of TrustPower shares to Infratil shareh...

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