News: SDM CIMIC Group updates on takeover bid for Sedgman Limited

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    Feb 22 (Reuters) - CIMIC Group Ltd (CIM) :

    • Offer price under cgi's offer will be reduced by amount of dividends to 94.7 cents per Sedgman share in relation to all Sedgman shares on issue at record date
    • Says cgi will also instruct Credit Suisse to offer to buy Sedgman shares on chix at the same price
    • There are no brokerage costs in accepting the offer"
    • Refers to an offmarket takeover bid (offer) by Cimic Group Investments pty limited for all of the shares it does not own in Sedgman Limited
 
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