Sydney Airport Holdings Pty Ltd (ASX:SYD) is the company that operates the Kingsford Smith Airport, it currently has a 99-year lease on the airport but it will revert back to government ownership at the end of this century. According to Sydney Airport, as of 2019, it generates around $31 billion in economic activity for Australia each year. That’s equivalent to more than 6% of the NSW economy.
In the latest weekly episode of The Australian Investors Podcast hosts Owen Rask and 7Investing’s Dr Anirban Mahanti talk about two of the ASX’s highest profile takeovers in recent times: Altium Ltd’s (ASX: ALU) takeover proposal from AutoDesk Inc; and the Sydney Airport (ASX: SYD) offer from a private consortium of buyers.
It was another mixed day for the S&P/ASX 200 (ASX: XJO) on Thursday, finishing slightly higher, up 0.2%, despite a strong opening. The S&P/ASX 200 is expected to open slightly lower on Friday, according to the Sydney Futures Exchange.
After Monday’s $8.25 takeover bid for Sydney Airport (ASX: SYD), I expect shares will continue to hover near $8 and for new bidders to emerge.
The Sydney Airport Holdings Pty Ltd (ASX:SYD) share price is going nuts today after receiving a takeover offer from a group including IFM.
The Sydney Airport Holdings Pty Ltd (ASX:SYD) share price is down 10% over six months. Should the airport operator be on your watchlist?
The S&P/ASX 200 (ASX: XJO) finished 0.6% lower on Wednesday. Woolworths (ASX:WOW) and Costa (ASX:CGC) shares are in the news.
The US Federal Reserve has indicated that interest rate rises are likely to come earlier than expected. What does this mean for ASX shares?
The ASX share market has recovered significantly over the past year from the pain of the coronavirus crash, also called COVID-19.
The ASX 200 (ASX:XJO) is tipped to open higher on Wednesday. Insurance Australia Group (ASX:IAG) and Vocus (ASX:VOC) shares are making headlines.
