If Ferrovial is not successful in acquiring at least 50.01 per cent of Broadspectrum, it will ask for board seats, call for a "general operational review," and acquire the contractor's shares on the open market.
So $1.35 is locked in.
From this article below:
http://m.smh.com.au/business/ferrov...ver-bid-at-135-per-share-20151206-glgxu7.html
If Ferrovial is not successful in acquiring at least 50.01 per...
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