An article in The Age on 30 April announced that ‘industrial services company Spotless has agreed to a full takeover by private equity firm Pacific Equity Partners (PEP) for a total cash consideration of $2.71 per share.’ ‘The takeover bid is worth $720 million takeover offer and was less than the $2.80 minimum share price offer that […]
30 April, 2012There is an increasing trend towards outsourcing and independent industry observers believe the integrated market will grow faster than single service outsourcing. This was emphasised in Spotless’ Management Presentation to Pacific Equity Partners and has been confirmed by Spotless’ experience. One of the independent industry observers is Frost & Sullivan (www.frost.com). ‘In Spotless’ experience, contracts […]
21 December, 2011Following discussions between Spotless and PEP, Spotless announced that on 30 November 2011, it received a revised proposal from PEP at an indicative price of up to $2.68 per share. PEP’s revised proposal reflects the same terms as PEP’s initial proposal except that: – an indicative price of up to $2.68 per share is achieved […]
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