They have to balance getting it approved by SPO shareholders,...

They have to balance getting it approved by SPO shareholders, all of whom are underwater today at $0.72 and the vast majority of whom are still hurting at $1.15. Lest we forget the listing price is still miles north of $1.15.
There will also be synergies up the wazoo with this - an entire layer of management, board, bid cost savings etc. It will look accretive for Downer for sure