Did Alteria overpay for the Chicago Skyway?
Sep. 22, 2022On September 14, Atlas Arteria announced it acquired a 67% majority stake in the Chicago Skyway Toll Bridge for US$2 billion. This was in sharp opposition to the views of IFM, one of its shareholders, which claimed it was “value destructive”. Yesterday IFM got specific, accusing Atlas Alteria of destroying AUD$1 billion of value through the acquisition. The Skyway deal...