Ann: Ferrovial Takeover Offer for Broadspectrum, page-10

Common sense maybe???

BRS/TSE didnt accept the last offer and neither did major shareholders of this stock last time there was an unsolicited offer, what makes ferrovial think that shareholders and board for that matter will accept a lower offer than previous, common sense would tell Ferrovial to offer higher than last time if they wish to buy a business in Aust with established credentials and infrastructure in place to tender and win bids.

This begs another question, if BRS/TSE was so bad a value to own from shareholders point of view and shorters who keep shorting the stock, why didnt ferrovial offer to Buy Downer EDI or UGL who's share price is higher and more in demand....

As i've said in the past TSE/BRS stock was too cheap for a takeover, far too cheap.

The return to dividend was very likely next year which imo should improve the stocks pricing.

This offer is just a low ball offer imo that ferrovial hope to get this company on the cheap.

Lastly serves the shorters right for shorting the BRS/TSE stock for so long now having to cover their positions....