Potential AIA bidder pulls out

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NZ - Auckland International Airport (AIA), which is urging shareholders to reject a partial takeover bid by the Canadian Pension Plan Investment Board (CPPIB), has announced discussions with another potential bidder have ended without an offer.

AIA chairman Tony Frankham said it had become clear that the initial terms proposed by the party concerned would not meet the board's requirements during discussions with the potential bidder last ...

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