Australia's sovereign wealth fund, The Future Fund, is in talks with the two Canadian pension funds that launched an unsuccessful takeover bid for Transurban Group
(ASX:TCL) in October.
Last month Transurban rejected the offer because the price was too low and because it found some conditions unacceptable.
The Future Fund said the talks will focus on changing conditions contained in the original bid by the Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan at $5.25 per share but will not change the price of the offer.
Yesterday Transurban said The Future Fund's announcement had changed nothing and that the offer price is too low.
Transurban shares are trading above the offer price.
Transurban announced a 2009 net loss of $24.58 million.
