Monday 9th May 2011 |
Text too small? |
A private equity firm has made an indicative, non-binding and conditional proposal for all the shares in Melbourne-based Spotless Group.
Spotless directors today said they did not intend to take any further action on the proposal, which they considered did not reflect the fundamental value of the company in the context of a change of control.
The private equity firm had proposed to acquire 100% of the shares of Spotless via a scheme of arrangement at an indicative price of A$2.50 (NZ$3.39) in cash per share. Spotless, which is listed in this country and Australia, last traded on the ASX at A$1.95.5c on Friday.
NZPA
No comments yet
MPG - Metroglass clarifies media statements by Crescent Capital
VTL - Takeovers Panel orders Empire to reimburse Vital's expenses
March 14th Morning Report
SKT - Sky secures iconic sports rights
RYM - Ryman completes Retail Entitlement Offer
TEM - Transaction in Own Shares
FPH launches F&P Nova™ Nasal mask in NZ and AU
Fonterra announces changes to management team
March 12th Morning Report
WHS FY25 Interim Results teleconference details