| From Businessweek.com: Transurban Group, the Australian toll-road operator, said it hasn’t received any further takeover approaches from two Canadian pension funds since rejecting their A$6.8 billion ($6.1 billion) offer in November. Australia’s sovereign wealth fund, the Future Fund, which said in December it may join the Canadians’ bid, also hasn’t made any approach, Transurban said.
The directors of Transurban, which said the proposal from Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan undervalued the group, today said its corporate advisor Lazard agrees with the company’s own view of its value, Transurban said in a statement........................................Full Article: Source
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