MARKETS

Takeover panel backs Spotless

THE Takeovers Panel has backed Spotless after Downer EDI asked the LNG project accommodation builder to release an additional target statement after claiming the initial defence rejecting the bid had “information deficiencies”.

Takeover panel backs Spotless

Downer had extended its $1.2 billion takeover offer for the catering, cleaning and facilities management concern by two weeks until mid-June awaiting the panel's decision after Spotless told its investors...

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