DOW 0.85% $5.81 downer edi limited

News: DOW Spotless Group updates on Downer EDI's takeover offer

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    June 27 (Reuters) - Spotless Group Holdings Ltd (SPO) :

    • Notes that downer's bidder's statement outlines downer's intentions to seek representation on spotless board commensurate with its controlling interest in co
    • Spotless board will engage with downer in relation to composition of board following change in control
    • Downer's offer has now been extended by a further two weeks and may be extended further
    • Continues to believe that downer offer does not represent adequate value
 
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