Atlas Arteria Says IFM Global Unit Extends Takeover Offer

MT Newswires Live

Jun 04

Atlas Arteria (ASX:ALX) said IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 has extended the closing date of its takeover offer to June 18 from June 11, according to an Australian bourse filing on Wednesday after market hours.

The bidder has also revised the statutory timetable, moving the notice on the status of offer conditions to June 11 from June 4, per the filing.

The bidder confirmed that none of the offer conditions have been satisfied so far and the offer remains subject to all conditions set out in the bidder's statement, the filing added.

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