Wow - a mega disaster in the making, page-71

The fact that DOW already owning 19% of Spotless may have informed their decision. Inside knowledge of SPO may have given them the confidence that they can turn this catering/cleaning business around.

SGH is not a proper parallel, in this case, both enterprises are in the same country, common regulatory environment, Dow is a major shareholder already, so on balance the risk profile is far better with a much greater opportunity for improved synergies.
The underwriting could have been done better however, there is an overhang of shares, IMO and from listening to analysts they may have paid 500m too much 1 Bn could be overstating it.

I am in because DOW had one of the best corporate results on the ASX this season.