Australia's Spark Infra rejects $3.7b takeover bid by KKR, others

Australia's Spark Infra rejects $3.7b takeover bid by KKR, others

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Australia’s Spark Infrastructure on Thursday rejected a A$4.91 billion ($3.67 billion) takeover bid by a consortium that included private equity giant KKR & Co but left open the door to some engagement, sending shares soaring more than 7%.