what happened here... United stalks Transfield Services PUBLISHED : 21 May 2010 12:07:42 | UPDATED: 08 Jun 2010 09:26:05 PUBLISHED: 21 May 2010 12:07:42 PRINT EDITION: 21 May 2010
Street Talk can reveal that engineering services firm UGL, formerly known as United Group, has very recently held informal takeover talks with Transfield Services. While the Transfield board has decided not to proceed, its understood that it has appointed JPMorgan while Goldman Sachs JBWere is tending to United.
TSE Price at posting:
$3.23 Sentiment: None Disclosure: Held