{"streaming_server":"rtmp:\/\/s2svek4dh1hfyu.cloudfront.net\/cfx\...

.

Shares in mining services company Ludowici Limited (ASX:LDW) rose at the end of last week after Danish engineering group FLSmidth increased its takeover offer.

FLSmidth raised its bid to acquire all of Ludowici’s shares at $11.00 per share on Friday after Scottish bidder Weir Group offered $10 per share on Thursday.

The board of Ludowici is considering the revised offer.

Shares in Ludowici closed more than 13 per cent higher on Friday at $11.01.

In the half year to June 30, 2011 Ludowici posted a net profit of $4.1 million.