Atlas Arteria rejects hostile $7B IFM bid
Atlas Arteria (ASX:ALX) has urged its shareholders to reject a $7 billion hostile takeover bid from its largest investor, IFM Investors.
Atlas Arteria (ASX:ALX) has urged its shareholders to reject a $7 billion hostile takeover bid from its largest investor, IFM Investors.
Infrastructure investor Infratil (ASX:IFT) posted an 11% growth in proportionate operational earnings to NZ$989 million for FY26.
Toll road operator Atlas Arteria (ASX:ALX) is set to explore alternative options to realise value from its stake in the Chicago Skyway.
Takeovers Panel cleared IFM Investors' $7B hostile bid for Atlas Arteria (ASX:ALX), declining an intervention.
Infratil (ASX:IFT) entered into an agreement to divest a portion of its stake in Contact Energy (ASX:CEN).
James Hardie (ASX:JHX) has delivered its full-year performance, beating its own earnings guidance despite a 75% plunge in statutory net profit.
Civmec (ASX:CVL) reported a quarterly revenue of $244.2 million, contributing to a year-to-date total of $624.7 million for the first nine months.
Worley (ASX:WOR) shares jumped more than 2.8% following the announcement of a fresh $300 million on-market share buyback.
IFM Investors has escalated its battle for Atlas Arteria (ASX:ALX) by applying to the Takeovers Panel for urgent disclosure orders.
WOTSO (ASX:WOT) continues its Trans-Tasman expansion with the acquisition of a fourth New Zealand asset.
Fletcher Building (ASX:FBU) will sell its Laminex Australia manufacturing site in Cheltenham to investment manager Forza Capital for $53.8 million.
Engineering services group EVZ (ASX:EVZ) announced a robust financial outlook for the full year ending June 30.