Downer EDI (ASX:DOW)
has extended its takeover offer by two weeks, to buy all of the Spotless Group (ASX:SPO)
shares that it already doesn’t own.
The engineering and infrastructure company extended its takeover offer period to Wednesday 14 June 2017 at 7pm.
Downer EDI says its offer to buy Spotless Group shares for $1.15 cash per share is still superior in the absence of a superior proposal.
The company is also encouraging Spotless shareholders to accept the offer, as it provides compelling value for shareholders.
Share in Downer EDI (ASX:DOW)
are trading 0.47% higher to $6.37.