Sydney Airport shareholders are urging the company’s board to engage in talks with a consortium led by IFM Investors amid a stalemate between the takeover target and its suitors over a proposed $22.8 billion acquisition.
Jamie Hannah, deputy head of investments and capital markets at VanEck, said the “clock was ticking” on the IFM consortium’s indicative offer, which was raised to $8.45 a share in August from an initial $8.25 a share in July.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
