CPPIB to buy Intoll after increasing offer

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CANADA/AUSTRALIA - The Canada Pension Plan Investment Board is to buy Intoll Group for A$3.44bn ($3bn) after increasing its initial offer for the Australian toll road operator.

The offer from Canada's second-biggest public pension manager values Intoll shares at A$1.52 each, 36% more than before an initial approach was announced on 15 July (Global Pensions: 15 July 2010)...

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