News: SYD Sydney Aviation Alliance Notes Sydney Airport Has Rejected Takeover Offer From Consortium

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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