Jun 15, 2026 – 11.23amIFM Investors has sweetened its bid for Atlas Arteria, valuing the toll road group at $7.4 billion, urging shareholders to embrace the certainty of a cash offer and spurn a riskier plan by the target to pursue a sale of a controlling stake in the Chicago Skyway in the United States.The infrastructure-focused investment giant, which already owns 34.6 per cent of Atlas Arteria, lifted its offer by 7.4 per cent to $5.10 per share and removed a string of conditions attached to an original $6.9 billion offer made on April 27 that was rejected by the Atlas board.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Atlas Arteria rejects IFM’s improved $7.4b takeover bid
The offer was lifted to $5.10 per share, but the board of the toll road operator immediately dismissed it as still undervaluing the business.
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