IFM Crosses 50% Stake, Atlas Arteria Shares Reach Takeover Tipping Point
Sydney, June 24, 2026, 02:12 (AEST) Atlas Arteria shares stayed at A$5.10, matching IFM’s takeover price, heading into Wednesday trading. Diamond Infraco took its voting power past 50%, which triggered an automatic extension of the offer out to 7 p.m. Sydney time on July 7. The toll-road operator finished Tuesday at A$5.10, unchanged. (Company Announcements) The bar now moves from IFM getting control of the votes to whether it can actually close out the deal. Diamond must reach 90% relevant interest for compulsory acquisition, which would let it force holdouts to sell. (atlasarteria.com) Turnover surged to 60.9 million securities, nearly