DOW 0.88% $5.76 downer edi limited

News: DOW Spotless Group's board recommend shareholders reject Downer's takeover offer

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    May 25 (Reuters) - Downer Edi Ltd (DOW)

    • Refers to bidder's statement from Downer in respect of its takeover offer to acquire spotless shares for $1.15 per share
    • Board believes that offer does not represent adequate value for spotless shares and, unanimously recommend shareholders reject offer
 
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