Chanticleer
The ‘too big, too expensive’ takeover target that drives bankers nuts
A $60 billion-plus takeover has never been seen in Australia. So, why are some investors talking about the ASX’s Transurban as a potential target?
That we’re back talking about Transurban as a potential takeover target should be a wake-up call for chief executive Michelle Jablko and her board.
We see it all the time – these things start with investors saying the company could be undervalued, and can escalate into pressure to run strategic reviews and or find ways to realise some of the hidden value.
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