CPPIB Intoll deal rolling for $3.01 billion
Canada Pension Plan Investment Board (CPPIB) has received a formal recommendation from the board of Australian toll road player Intoll Group for its A$3.4 billion ($3.01 billion) privatization offer, a 2.5% increase on its original bid price in mid-July.
Intoll has recommended the scheme of arrangement by which CPPIB seeks to acquire all the issued capital of the company. "The directors of Intoll have carefully considered the proposal and unanimously recommend...
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