Downer vies for shareholder support, extends deadline again
Three months after its initial closing date, Downer has again extended the deadline of its $1.3 billion takeover offer of Spotless.
8 August, 2017Three months after its initial closing date, Downer has again extended the deadline of its $1.3 billion takeover offer of Spotless.
8 August, 2017Downer extends takeover deadline until 7 August as shareholding increases to more than 80 per cent.
27 July, 2017Spotless advises remaining shareholders accept bid as Downer assumes control of board.
18 July, 2017Remaining shareholders given 10 day extension.
11 July, 2017Spotless’ new 9000sqm state-of-the-art laundry in Melbourne’s east now operational following takeover of Cabrini Linen Service.
6 July, 2017Spotless continues to urge remaining shareholders to reject bid.
3 July, 2017Downer lifts stake in Spotless to more than 50 per cent.
26 June, 2017Downer waives outstanding conditions as Spotless continues to urge shareholders to reject bid.
19 June, 2017Downer increases interest to almost 30 per cent, while Spotless continues to urge shareholders to reject takeover.
15 June, 2017Spotless once again urges shareholders to reject Downer’s $1.2 billion takeover offer.
7 June, 2017Downer sets new date and terms for Spotless Group takeover offer.
4 June, 2017Spotless has been hit with a second class action over allegations it mislead investors about its 2015 financial results.
28 May, 2017End of content
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