UGL could takeover. They have a pile of cash and were looking for bolt-on investments in the contracting sector. Would need to pay $1.20 per share at least.
Article from 25th August 2014
"If you're a $300 million listed engineering company then you shouldn't be there, you should be merged with someone else," Mr Leupen told The Australian Financial Review after UGL delivered a 22 per cent rise in underlying net profits to $111.7 million.
http://www.smh.com.au/business/mining-and-resources/outgoing-ugl-chief-richard-leupen-tips-engineering-shakeout-20140825-1088uc.html#ixzz3EHs6TRY8
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$3.09 |
Change
0.060(1.98%) |
Mkt cap ! $1.413B | |||
| Open | High | Low | Value | Volume |
| $3.06 | $3.09 | $3.03 | $3.482M | 1.137M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 165 | $3.08 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 7671 | 4 |
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