Sydney Airport (ASX:SYD) investors urged to speak up or forever hold their peace

sydney airport asxsyd investors urged to speak up or forever hold their peace

Sumary of Sydney Airport (ASX:SYD) investors urged to speak up or forever hold their peace:

  • As the takeover of Sydney Airport (ASX: SYD) draws closer, investors of Australia’s largest airport operator are being prompted to speak up or likely forever hold their peace.
  • The suggestion to make any discontent with the buyout known in court has come from the Australian Shareholders Association (ASA).
  • Making sure smaller voices are heard Less than two weeks after private shareholder Joe Cambria voiced his disappointment with the $23 billion takeover offer, the ASA is now giving investors the nudge to make their grievances known.
  • In the case of Cambria, he believes that the airport is worth $12 per share, rather than the proposed $8.75 being offered by the consortium of buyers.
  • According to ASA, investors should read the scheme booklet carefully once issued.
  • To deliver such a blow, minority shareholders would need to put together an additional independent report.
  • For Michael Pinn, a Sydney Airport investor, this would be an expensive task — though it was still in the realm of possibilities.
  • Speaking directly to investors of the ASX-listed Sydney Airport via email, ASA said: The meeting is your opportunity to have your say and if you want to affect the outcome you need to submit a vote for or against the scheme.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close