Sydney Airport’s $17.4 Billion Bid Shows Long-Term Allure
- IFM-led consortium raises takeover bid to A$8.75 a share
- Airport says it will recommend such an offer if it’s binding
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Sydney Airport relented to suitors after extracting a sweetened A$23.6 billion ($17.4 billion) takeover offer that underscores the battered travel industry’s appeal to long-term investors.