Atlas Arteria rejects IFM’s improved $7.4b takeover bid (opens original article in a new tab)

IFM Investors increased its takeover bid for Atlas Arteria to $7.4 billion, but the company rejected the offer in favor of a riskier plan to sell a controlling stake in the Chicago Skyway.

• IFM Investors increased its takeover bid for Atlas Arteria to $7.4 billion
• Atlas Arteria rejected IFM's improved offer, preferring a riskier plan to sell a controlling stake in the Chicago Skyway
• IFM's new bid raised the share price to $5.10 per share, up 7.4% from the original offer