Is UGL next??

Transfield is playing hard ball with Ferrovial..

I reckon if they continue to do so……Ferrovial may shift focus to UGL..

Ferriovial is sitting on $1.6b euros of cash and is very keen to expand into Australia. It ran a ruler over leighton’s john Holland business back in October and walked away from bidding for it…

Transfield and UGL are very similar businesses / competitors….and UGL’s market cap right now is a third of Transfields……anyway this will be an interesting space to watch over the next few weeks!

http://www.smh.com.au/business/ferr...ions-on-transfield-books-20141102-11fptc.html