BKN bradken limited
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News: BKN Bradken Ltd recommends Hitachi Construction Machinery take-over offer

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    25/10/16
    17:56
    Post #: 20112389

    Oct 25 (Reuters) - Bradken Ltd (BKN) :

    • Target's statement in relation to offer by Hitachi Construction Machinery to acquire all of issued shares in Bradken by way of off-market takeover for $3.25 per Bradken share
    • Board recommends shareholders accept offer
    • Offer of $3.25 per share represents 34% premium to Bradken's closing price on 3 October
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