Risky moves - I hope there will be another bid but let's don't forget the massive $10b debt of the airport so pre-pandemic levels are at least 5-10 years away.
Here is what I read about how the other side reacted:
July 15 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD) :
- NOTES THAT SYDNEY AIRPORT HAS REJECTED TAKEOVER OFFER FROM CONSORTIUM
- CONSORTIUM "SURPRISED AND DISAPPOINTED" BY SYDNEY AIRPORT'S DECISION TO REJECT OFFER
- CONSORTIUM BELIEVES THE PROPOSAL REPRESENTED AN ATTRACTIVE OFFER FOR SECURITY HOLDERS
- ASSESSMENT OF SYDNEY AIRPORT SHARE PRICE BEFORE PANDEMIC IS OF "LIMITED RELEVANCE"
- PRE-PANDEMIC SHARE PRICE OF "LIMITED RELEVANCE" GIVEN SYDNEY AIRPORT'S MATERIALLY CHANGED SITUATION, CHALLENGING OUTLOOK
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