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Article: Transurban spurns $6bn bid by Canadian funds.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Eric Johnston
Nov 05, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- Australian-listed toll roads operator Transurban has rebuffed a takeover offer received from the Canada Pension Plan Investment Board and Ontario Teachers Pension Plan. They are bidding $A6.7bn, but according to experts may need to raise the pitch to as much as $A7.5bn to win over the target's board. Transurban is performing well in the generally ...