SSM 1.30% $1.52 service stream limited

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    FWIW..
    Here’s a bit from AFR Street Talk the other day saying Service Stream is interested in Lendlease Services which will see auction bids in by the end of June.

    Cheers

    https://www.afr. com/street-talk/cimic-monadelphous-in-rapid-lendlease-services-auction-20210609-p57zez

    CIMIC, Monadelphous in rapid Lendlease Services auction…

    Jun 9, 2021 – 9.33pm
    …Australia’s UGL Group and rival infrastructure sector contractor Monadelphous are two of the parties crunching the numbers on Lendlease’s up-for-sale services division.
    It is understood Lendlease and its bankers …… are targeting a quick deal for the unit, calling for binding bids by the end of this month……..


    UGL, owned by CIMIC, and Monadelphous are both believed to be working through the data room documents with an eye to submitting offers, while fellow listed player Service Stream and France’s Egis – which is involved in Sydney’s WestConnex motorways project, among others – are both also around the asset.……… etc


    see also:​
    https://www.crn.com.au/news/nbn-subcontractors-reach-deal-with-nbn-co-partner-lendlease-564254


    …Last time round Street Talk opined SSM was a final party;

    https://www.afr. com/street-talk/service-stream-dials-up-interest-in-lendlease-s-services-20191029-p53573
    Oct 29, 2019 – 9.32pm


    …”ASX-listed small cap Service Stream is one of the final parties in the running for construction giant Lendlease's Services business.
    Street Talk understands the telecommunications services provider is in second-stage due diligence on the unit, having lodged an indicative and non-binding bid a few months ago, and is working through the diligence materials with a view to making a formal offer….”
    Last edited by sabine: 13/06/21
 
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