Sydney Airport board to grant due diligence after improved A$23.6b offer

[SYDNEY] Sydney Airport Holdings said on Monday it had granted a consortium of infrastructure investors access to due diligence after the group boosted a takeover proposal by 3.6 per cent to A$23.6 billion (S$23.3 billion).

The improved offer of A$8.75 a share compares to prior proposals from the consortium of A$8.45 and A$8.25 respectively, both of which had been rejected by the airport operator's board as inadequate.

REUTERS