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Sydney Airport investors urged to ignore $22b bid Save Share Sydney Airport’s board has told investors the COVID-19 pandemic has hurt its shares and that they should take no action on an unsolicited $22 billion takeover bid from a group of infrastructure investors as its shares soared 29 per cent. The board told investors that the pandemic was expected to have “a short term impact” after a consortium of infrastructure investors made an indicative takeover offer priced at $8.25 per share. “The indicative proposal has been made during a global pandemic which has deeply affected the aviation industry and the Sydney Airport security price,” the airport said on Monday. “The indicative price is below where Sydney Airport’s security price traded before the pandemic. ”

Tennant creekNorthern territoryNew south walesUnited kingdomAlice springsWestern australiaSouth australiaCity ofDavid gonskiTrevor gerberGlobal infrastructure managementHeathrow airportEdinburgh airportNew york based global infrastructure partnersGatwick airportLondon city