LDW ludowici limited
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  1. FNN News
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    14/03/12
    08:02
    Post #: 9834332
    .


    Scottish engineering company Weir Group has officially withdrawn its bid for mining services company Ludowici Limited (ASX:LDW).



    Last month Weir made a competing bid for Ludowici to rival a takeover bid from Danish engineering group FLSmidth launched in January.



    Weir’s withdrawals now leaves FLSmidth as the sole bidder, who is offering Ludowici shareholders $11 per share.



    Ludowici posted a net profit of $10.7 million in the 2011 calendar year.


    LDW Price at posting: $11.40 Sentiment: None Disclosure: Held
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