SYDNEY, July 15 (Reuters) – Sydney Airport Holdings Pty Ltd SYD.AX stated on Thursday it could reject a A$22.26 billion ($16.60 billion) takeover proposal from a gaggle of infrastructure traders that if profitable would have been one in all Australia’s biggest-ever buyouts.
The operator of Australia’s largest airport stated administrators had unanimously concluded the proposal undervalued the airport and was not in the most effective curiosity of shareholders.
($1 = 1.3407 Australian {dollars})
(Reporting by Jamie Freed Modifying by Chris Reese)
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