Transurban

...and the US," he said. In their takeover bid, the Canadian pension funds, which have a combined value of about $C200bn ($204bn), offered Transurban's shareholders a choice between a cash price of $5.25 per security, an unlisted scrip...

In this article: Melbourne, Ontario Teachers Pension Plan, Dow Jones, Australia, and US

...due on December 19. It will follow an AGM season marked by some long and bitter meetings, where companies including Qantas, United Group and Transurban faced high ''no'' votes for the second year in a row. ''There has been some...

In this article: Qantas, United Group, PricewaterhouseCoopers, Melbourne, and Australia

...suited to the impatient investors of listed entities. Transurban's key assets include Melbourne's CityLink, the Hills M2 Motorway in Sydney, and a stake in the Westlink M7 in Sydney. A glance down the list of deals in the past few months...

In this article: Canada Pension Plan, Ontario Teachers Pension Plan, Sydney, Peter Doherty, Recession, Inflation, Babcock & Brown Infrastructure, and Melbourne

...twitchy that they will not get the big share price swings that came with highly leveraged stocks. At its high, Transurban hit $8.35 a share. Besides looking cheap at $5.25, Transurban is a good fit for any pension fund because it is not...

In this article: Sydney, Peter Doherty, Recession, Inflation, Ontario Teachers Pension Plan, Babcock & Brown Infrastructure, Melbourne, and Zurich Airport

...funds invest. While Transurban has rejected the Canadian offer as too low, local super funds have not made a counterbid, apparently preferring to take advantage of the strong Australian dollar to buy other assets offshore. However, the...

In this article: Ernst & Young, Australia, and Silver

...in the coffin of the listed infrastructure sector. A A$6.8bn offer from two Canadian pension funds for Transurban, Australia's largest toll-road operator, was knocked back on Thursday. But this is a civilised proposal, from shareholders...

In this article: BHP Billiton, Tax, Inflation, Ontario Teachers' Pension Plan, Marius Kloppers, Australia, and US

...to roll over their shares into an unlisted entity. Transurban shareholders would also be able to increase their stakes in the unlisted entity via a "top-up" alternative. Those alternatives may appeal to certain of Transurban's...

In this article: Australia, Sydney, Westpac, Macquarie Infrastructure Group, Ontario Teachers' Pension Plan, Lazard, Goldman Sachs, and Jpmorgan