Michael Thompson

Now, IFM actually bought into Atlas Arteria back in 2022 and has kind of crawled up the registry now to own about a third of the company.

So you've got to say a bid wasn't unexpected.

But the $4.75 a share offer represents a premium of just 10% on the last closing price, according to Atlas Arteria's response.

And the word just, I think, tells the story there.

Atlas Arteria said it would establish an independent board committee to consider the bid and

The bid sent the toll road group's share price up 13% yesterday.

Now, correct me if I'm wrong, Atlas Arteria, we've talked about in the past because they own the coolest named toll road, the Chicago Skyway, which just kind of conjures up images of road through the clouds, right?

Jetsons.

Yeah, exactly.

Exactly.

I'm glad you went with me on that one, Sean.

I'm like, oh, I don't know if he's following.

But no, it is a cool one.

But I mean, it's obviously a more serious story than that.

And I've just made it quite trivial.

Back in a moment with the rest of the day's business news.

Sean, it was a pretty quiet day on the markets yesterday with three states, including New South Wales, enjoying a public holiday.

By the close, the S&P ASX 200 was down 0.2% to 8,766 points.

Hopefully, investors enjoyed the break because it's going to be a very busy week.

Now, Sean, when it comes to investing, it seems space is back.