It moved at warp speed, pressing play on a $3 billion rights issue to buy Chicago Skyway, while its suitor (and rival bidder) IFM Investors kicked up a storm.
Street Talk understands IFM kept underwriters UBS and RBC waiting till the bid deadline, but eventually did take up its rights.
From here, it doesn’t look like the raise is going to be a massive trouble for Atlas Arteria, despite the big headline number.
The big question is if IFM will get what it wants – at Atlas Arteria and/or Chicago Skyway.
Atlas Arteria has taken its M&A defence to a new high, with a tucked away little jab to potential suitor IFM Investors in its $3 billion Chicago Skyway acquisition.
Gas junior Tamboran Resources is seeking to join Origin Energy in the big leagues, with a deal to buy into Origin’s potentially huge assets in Northern Territory’s Beetaloo Basin.