Infratil rejects AustralianSuper’s sweetened takeover bid

Visual from an Infratil report.

Infratil (IFT) rejected a sweetened full takeover bid from AustralianSuper, Australia’s largest pension fund, the New Zealand-listed infrastructure investment company said in a statement Wednesday.

Infratil said its board has rejected both the current bid of NZ$7.43 a share from AustralianSuper and a previous bid of around NZ$6.40 a share.

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