Transurban

...analysts have speculated that a bid closer to $6 a share would be fairer given the company's promising growth outlook. Mr Lynch said Transurban's suite of toll roads, which includes the Hills M2 in Sydney and CityLink road in Melbourne, had...

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

TRANSURBAN shareholders are falling behind the board's decision to reject a $6.7 billion takeover offer from two of Canada's biggest pension funds, raising pressure on the suitors to increase their bid. It is understood that Transurban...

In this article: Deutsche Bank, Cash flow, Balance sheet, Credit crunch, Canada Pension Plan, Ontario Teachers Pension Plan, and Canada

TRANSURBAN GROUP was well placed to negotiate for a higher offer after the tollroad giant this week spurned a $6.7 billion takeover bid from two of Canada's biggest pension funds, analysts said. Meanwhile, a top executive with Canada...

In this article: Transurban Group, Canada Pension Plan, Canada, Australia, Globe and Mail, Ontario Teachers Pension Plan, and RBS

...was "opportunistic". News of the bid from the two Canadian pension funds, which currently own 28 per cent of Transurban, caused Transurban securities to soar more than 19 per cent on Thursday. Austock infrastructure analyst Andrew...

In this article: Transurban Group, Ontario Teachers Pension Plan, and Auckland Airport

...so that the toll-road operator pays distributions to shareholders from cash flows rather than debt. Last month, Transurban Group said it had seen a promising start to the financial year, with all its Australian assets reporting traffic...

In this article: Ontario Teachers' Pension Plan, Balance sheet, Credit crunch, Canada Pension Plan, BHP Billiton, and Canada

...stake in the company. Describing the $5.25-a-share privatisation proposal as "incomplete, highly conditional and non-binding", Transurban advised the Australian Securities Exchange that it had rejected the deal on its current terms. But the...

In this article: Ontario Teachers' Pension Plan, Australian Securities Exchange, World Bank, China, Credit crunch, Babcock & Brown Infrastructure, and Brookfield Asset Management

...fide proposals and look forward to the opportunity to discuss the details of the proposal with Transurban," they said in a statement. Transurban shares soared as high as A$5.32 after the funds revealed their offer price, and last traded...

In this article: Transurban Group, Credit crunch, Macquarie Infrastructure Group, Lazard, Goldman Sachs, and JP Morgan

...of A$5.25 per share for the Australian group early last week. In response to a local media report of takeover interest, Transurban said it had knocked back the "incomplete, highly conditional and non-binding" proposal but added it was open...

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

* Latest Canadian swoop on battered infrastructure groups (Adds analyst comment) By Sonali Paul Australian toll road operator Transurban Group <TCL.AX> rejected a takeover approach from two Canadian pension funds on Thursday, but left...

In this article: Transurban Group, Canada, Credit crunch, Macquarie Infrastructure Group, and Melbourne

Toll road operator Transurban Group says it has received and rejected an unsolicited and "highly conditional" takeover bid. Transurban said in a statement to shareholders the non-binding joint proposal came from Canada Pension Plan...

In this article: Transurban Group, Revenue, Ontario Teachers Pension Plan, and US