Sydney Airport’s rejected suitors are relying on the company’s investors, including UniSuper, to pressure it into talks after a second takeover approach worth $22.8 billion from a consortium led by IFM Investors and Global Infrastructure Partners was knocked back.
The consortium, named Sydney Aviation Alliance, has not declared its second cash offer of $8.45 per share “final,” giving it wiggle room on price after its first offer of $8.25 per share in early July was also rejected.
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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
