Dec 9 (Reuters) - Infratil Ltd (IFT) on Wednesday rejected a NZ$5.37 billion ($3.78 billion) takeover offer from AustralianSuper, Australia's largest pension fund, saying it undervalued the New Zealand-based energy and transport infrastructure investor.
Infratil said it will not engage further with AustralianSuper on its cash plus stock NZ$7.43 per share offer, which was a 22.2% premium to Infratil's closing price on Tuesday.
($1 = 1.4196 New Zealand dollars)
News: IFT New Zealand's Infratil rejects AustralianSuper's $3.78 bln takeover bid
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Last
$10.72 |
Change
0.150(1.42%) |
Mkt cap ! $10.50B | |||
| Open | High | Low | Value | Volume |
| $10.57 | $10.77 | $10.54 | $4.885M | 455.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 552 | $10.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.77 | 500 | 1 |
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| Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
| IFT (ASX) Chart |