Yup and todays announcement for UGL to go shopping for...

Yup and todays announcement for UGL to go shopping for engineering companies...

I wonder if UGL are how going for a 3rd bite of the cherry with TSL...

They tired twice unsuccessfully to buy TSL and now they're way cheap for a takeover considerably cheaper then when UGL first tried to buy TSL..

http://www.smh.com.au/business/ugl-on-hunt-for-takeovers-20130812-2rsbh.html

Heres one of the stories about the second bite.....

http://www.theaustralian.com.au/business/opinion/marriage-talk-again-for-ugl-and-transfield/story-e6frg9if-1226052121399

Original offer back then was $4.50-$5.00

Be interesting if this isnt on UGL's radar now, the brothers are no longer on the board of TSL....

TSL is now worth less than they paid for Easternwell...