Another Takeover in the Engineering Sector
Foreign buying of Australian engineering outfits at the bottom of the cycle is continuing, this time with construction giant CIMIC Group seeking to snap up control of UGL with a $524 million bid after grabbing a 14 per cent stake in the target.
Spanish-controlled CIMIC, better known by its former name of Leighton Holdings, on Monday morning offered $3.15 in cash a share, a 47 per cent premium to UGL's close on Friday of $2.15.
It comes hard on the heels of an agreed bid by Japan's Hitachi Construction Machinery for Bradken, another engineering outfit.
http://www.smh.com.au/business/energy/cimic-in-lightning-raid-on-ugl-20161009-gryisa.html
Another Takeover in the Engineering Sector Foreign buying of...
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Last
31.0¢ |
Change
0.005(1.64%) |
Mkt cap ! $192.3M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 32.0¢ | 30.0¢ | $1.971M | 6.329M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 59050 | 2 |
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| Last trade - 16.10pm 10/09/2025 (20 minute delay) ? |
| ANG (ASX) Chart |