Downer is heavy in defence IIRC, so they will like all spotless defence contracts.
$1.2B to buy out shareholders + 800m debt, thats $2B for an outlook of $80-90m FY earnings (not counting exceptional items), and a few obvious risks in those numbers as well.
Not sure how downer will sell it, but gratz for spotless holders who held on.
SPO Price at posting:
72.5¢ Sentiment: None Disclosure: Not Held
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