Downer EDI Limited
(ASX:DOW) says that its unconditional takeover offer for Spotless Group Holdings Limited is scheduled to close at 7pm on Tuesday 11 July 2017.
The company says that at 7pm on 6 July 2017, it had a shareholding of 61.4 per cent in Spotless. It is a controlling shareholder.
The last trading price for Spotless shares, prior to the offer was 73 cents per share.
Downer says the Offer Price of $1.15 per share is a 59 per cent premium to that price, and that Spotless should accept the offer.
Shares in Downer EDI Limited
(ASX:DOW) are trading 1.8 percent lower to $6.11.
