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Sydney Airport bidders ‘extremely dispappointed’ by latest rejection

The consortium bidding for Sydney Airport says it is extremely disappointed with the rejection of its latest offer at $A8.45 per share and the failure of the airport’s board to engage with it.

The Sydney Aviation Alliance put the revised proposal to the board on August 13 but received short shrift and the airport advised the ASX of its rejection Monday.

Sydney Airport said its boards had carefully considered the proposal but concluded it continued to undervalue the airport and was not in the best interest of security holders.

The stance comes after a similarly blunt rejection in July of its previous bid read more ⇒

Source:: AirlineRatings.Com

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