Sept 13 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD) :...

Sept 13 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD) :

• REVISED PROPOSAL AND INTENTION TO GRANT DUE DILIGENCE
• REVISED INDICATIVE, CONDITIONAL AND NON-BINDING PROPOSAL FROM SYDNEY AVIATION ALLIANCE
• INDICATIVE PRICE OF A$8.75 CASH PER STAPLED SECURITY
• SYDNEY AIRPORT HOLDINGS PTY LTD-DUE DILIGENCE IS EXPECTED TO TAKE 4 WEEKS FROM ENTRY INTO NON-DISCLOSURE AGREEMENT
• INTENDS TO GRANT CONSORTIUM OPPORTUNITY TO CONDUCT DUE DILIGENCE ON NON-EXCLUSIVE BASIS FOR IT TO PUT FORWARD BINDING PROPOSAL
• TERMS & CONDITIONS OF FURTHER REVISED INDICATIVE PROPOSAL CONSISTENT WITH PROPOSAL FROM CONSORTIUM ANNOUNCED ON 16 AUG
• NO CERTAINTY THAT FURTHER REVISED INDICATIVE PROPOSAL WILL RESULT IN A BINDING OFFER FOR SYDNEY AIRPORT
• CURRENT INTENTION OF BOARDS IS TO UNANIMOUSLY RECOMMEND SECURITYHOLDERS VOTE IN FAVOUR OF PROPOSAL IN ABSENCE OF SUPERIOR PROPOSAL