Atlas Arteria Tells Holders to Reject New IFM Investors Bid (opens original article in a new tab)

Australia-listed toll road operator Atlas Arteria Ltd. has advised shareholders to reject a higher bid from IFM Investors, stating the offer is too low and 'materially undervalues' the company.

• Atlas Arteria Ltd. recommends shareholders reject IFM Investors' higher bid
• The company claims the offer is too low and 'materially undervalues' the business
• IFM Investors had made a higher bid for Atlas Arteria