Future Fund May Back Canadian Funds' Transurban Bid

Law360, New York (December 10, 2009, 2:05 PM EST) -- Australia's Future Fund is in preliminary discussions with two Canadian pension plans to support their proposal to acquire Australian toll operator Transurban Group Ltd., Australia's sovereign wealth fund announced Thursday.

The Future Fund Board of Guardians confirmed in a press release that it has begun talking with the Canada Pension Plan Investment Board and the Ontario Teachers' Pension Plan about potential revisions and improvements to their failed $6.8 billion bid to buy out Transurban.

“By undertaking discussions and due diligence, the Board of Guardians will work...
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