Atlas Arteria Ltd
ALX: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|JF | LOCK|DQWJm | LOCK|MX&^DS |
Atlas Arteria: IFM Lobs Reasonable Takeover Offer
Atlas Arteria received a hostile takeover from its largest investor, IFM Global Infrastructure Fund, which currently owns about 35% of Atlas. The conditional cash offer is priced at AUD 4.75 per security, a 10% premium to the prior close. The offer increases to AUD 5.10 if IFM's interest hits 45%.
