Downer EDI (ASX:DOW) has extended its offer period to un conditionally takeover Spotless Group (ASX:SPO) until 21 July 2017 at 7pm.
The engineering and infrastructure company’s announced after the market close yesterday it would extend its offer period for 10 days, after its previous offer was set to expire.
Downer has again encouraged remaining Spotless shareholders to accept the offer as soon as possible, to realise a certain cash premium for their shares.
Downer’s fourth supplementary offer for Spotless will close at 7pm on Friday 21 July 2017.
The office price is $1.15 per share, which is a 59 per cent premium to Spotless’ share price prior to the offer of $0.725.
Shares in Downer EDI (ASX:DOW) closed flat yesterday at $6.18.