Downer EDI extends Spotless takeover offer to 14 June 2017

Company News

by Jessica Amir

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.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.