Aug 16 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD) :
- RECEIVES REVISED CONDITIONAL AND NON-BINDING PROPOSAL
- DEAL FOR INDICATIVE PRICE OF A$8.45 CASH PER STAPLED SECURITY
- REVISED INDICATIVE PROPOSAL ADVISES THAT AUSTRALIANSUPER PTY HAS JOINED CONSORTIUM
- CURRENT ENVIRONMENT DOES NOT CHANGE BOARDS' VIEW OF LONG TERM VALUE
- BOARDS UNANIMOUSLY CONCLUDED THAT REVISED INDICATIVE PROPOSAL CONTINUES TO UNDERVALUE SYDNEY AIRPORT
- UNANIMOUSLY CONCLUDED REVISED INDICATIVE PROPOSAL CONTINUES TO UNDERVALUE SYDNEY AIRPORT AND NOT IN BEST INTERESTS OF SECURITYHOLDERS
- BOARDS ARE OPEN TO ENGAGING WITH SYDNEY AVIATION ALLIANCE SHOULD CONSORTIUM BE PREPARED TO LIFT ITS INDICATIVE PRICE
