The Directors at Spotless Group Holdings Limited
(ASX:SPO) have unanimously recommend that shareholders reject the Downer EDI
(ASX:DOW)’s takeover offer.
The service company says the off-market takeover offer to buy all Spotless shares for $1.15 per share does not recognise the value of the business.
The Directors also believe the offer is opportunistic and timed to take advantage of a historically low Spotless share price.
Shares in Spotless Group Holdings Limited
(ASX:SPO) is trading 0.45% lower at $1.10
