Toll road owner Atlas Arteria is going down the dangerous deal-your-way-in, deal-your-way-out path. Similar bankers, similar board, bet the company, hit reverse.
That it’s happening amid an attempted takeover by hostile shareholder IFM Investors – which vehemently opposed the acquisition 3½-years ago and we’re sure will vehemently oppose its disposal – and one week ahead of an annual meeting where chair Debbie Goodin is up for re-election creates it even more stunning.
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