Good evening,

Ready to hit the pressure release valve at AirTrunk’s $20 billion-plus sale? Wait a few more hours, say owners Macquarie Asset Management and PSP Investments.

Street Talk understands AirTrunk’s two rival bidding consortiums were expecting to be informed of the winning bidder on Monday afternoon. What they got instead was further requests for clarifications from the sellers, with a loose promise to expect the results overnight or on Tuesday.

Sources said Macquarie and PSP Investments’ key decision-makers spent the afternoon hunkered down in their law firm Baker McKenzie’s offices in Sydney’s Barangaroo.

Come 6pm on Monday, the duo were still grinding through last-minute diligence despite requesting additional information from the bidders past Thursday.

Read the full story tomorrow and more on the Street Talk page.

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News Corp-controlled REA Group is weighing a $9 billion bid for London-listed property platform Rightmove. Shares in the ASX-listed News Corp-controlled company fell more than 6.5 per cent on the announcement.

The Australian sharemarket rose on Monday to settle just short of its record closing high, as steady gains from the major banks offset losses in the mining sector.

Click here for the latest equity market wrap.