IFM Investors Nears 50% Stake in Atlas Arteria as Deadline Looms

IFM Investors is approaching a 50% ownership stake in Atlas Arteria Ltd., an Australian toll road operator, as its takeover bid deadline nears on Thursday night. The investment firm has secured commitments for approximately 49.9% of Atlas Arteria's shares, according to a statement released on Wednesday. This development signifies a significant step towards IFM Investors potentially gaining control of the company. The offer, which values Atlas Arteria at around $6.4 billion, was initially made in September. IFM Investors has been actively engaging with Atlas Arteria's shareholders to garner support for its proposal. The final outcome of the takeover bid is expected to be determined following the expiration of the offer period.