News: SYD Sydney Airport Receives Conditional, Non-Binding Proposal

July 5 (Reuters) - Sydney Airport Holdings Pty Ltd (SYD) :

• CONDITIONAL, NON-BINDING PROPOSAL FOR THE ACQUISITION OF SYD
• RECEIVED AN UNSOLICITED, INDICATIVE, CONDITIONAL AND NON-BINDING PROPOSAL FROM A CONSORTIUM OF INFRASTRUCTURE INVESTORS
• DEAL AT AN INDICATIVE PRICE OF A$8.25 CASH PER STAPLED SECURITY
• CONSORTIUM COMPRISES IFM INVESTORS QSUPER BOARD AND GLOBAL INFRASTRUCTURE MANAGEMENT, LLC
• INDICATIVE PRICE IS BELOW WHERE SYDNEY AIRPORT'S SECURITY PRICE TRADED BEFORE PANDEMIC
• BOARDS HAVE COMMENCED AN ASSESSMENT OF PROPOSAL.
• UNDERTAKING ANALYSIS WHETHER PROPOSAL REFLECTIVE OF UNDERLYING VALUE OF AIRPORT & EXPECTED IMPACT OF PANDEMIC