Atlas Arteria’s bankers will sell shares not acquired by retail investors in the tollroad group’s $3.1 billion equity raising to institutions after the company’s stock sank below the equity issue price.
Meetings have recently taken place between the toll road operator and fund manager. In a statement to the ASX on Monday, Atlas Arteria (ALX) confirmed that it has yet to receive any proposal from IF
The Australian share market is bouncing back from its two-day losing streak, with every sector gaining ground except the banks following Tuesday's cash rate hike.