Sydney Airport agrees to $17.5bn buyout deal
The offer from a group of infrastructure investors is one of Australia’s biggest ever takeover bids. …
“The Sydney Airport Boards believe the outcome reflects appropriate long-term value for the airport, and unanimously recommend the proposal to securityholders, subject to customary conditions such as independent expert approval and no superior proposal,” Sydney Airport’s chairman David Gonski said in a statement to the stock exchange.
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