Ann: Response to media speculation, page-2

Here is a copy of the media speculation mentioned in the announcement.

http://www.theaustralian.com.au/business/dataroom/monadelphous-prepares-for-takeover-bid/news-story/45801f55ba951fbaa350dc8455112c98

Monadelphous is believed to be working on an acquisition of a civil engineering company worth about $300 million.
The listed group has a $1.3 billion market value and provides construction, maintenance and industrial engineering services to the resources, energy and infrastructure sectors. It has been cashed up, with about $200m, and has been tipped to be acquisitive for some time.
The company announced this week it had won new contracts worth $170m and had been involved in some of Australia’s biggest and most complex projects and facilities, including the Icthys LNG Project in Darwin, the Wiggins Island Coal Export Terminal and the Wheatstone Project.
The mining services sector is abuzz with talk of mergers and acquisitions in the months ahead with the widely held view that the resources industry has seen the worst of the downturn.
However, most of the opportunities are on the small side and are expected to involve only a few of the major players.
Among them is CIMIC, which is expected to make another takeover attempt at Macmahon Holdings in the months ahead, and WorleyParsons, which has had Dar Group make a takeover offer for the company before amassing close to 20 per cent
There has been speculation that more activity could be about to unfold with Worley — either with Dar launching a bid for the company or a rival party attempting to buy the business. Shares in Monadelphous closed 27c higher at $13.95.
Meanwhile, as Nutrano last night became the latest company to withdraw its initial public offering due to a lack of demand, another successfully made it to the boards — Wilson Asset Management’s microcap fund.
The fund manager celebrated its latest initial public offering at the Australian Securities Exchange Building in Sydney yesterday after its investor demand exceeded the fund’s $154m capacity limit. Shares were sold at $1.10 each and ended the first day of trade at $1.12.