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FINWIRES

Atlas Arteria Says IFM Global Unit Extends Takeover Offer

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Atlas Arteria (ASX:ALX) said IFM Global Infrastructure Fund subsidiary Diamond Infraco 1 has extended the offer period under its takeover bid by one week, setting a new closing date of June 25 unless further extended or withdrawn, according to an Australian bourse filing on Wednesday after market hours.

The deadline for informing shareholders about the status of the offer conditions has therefore been extended to June 18, per the filing.

The bidder has confirmed that multiple conditions, including key regulatory and approval requirements, have been waived or satisfied, the filing said.

The offer now remains subject only to a reduced set of conditions: no market fall, no distributions, conduct of business, no prescribed occurrences, and no specified authorizations or agreements, the filing added.

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