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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ASX:UGL | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jun 2019 to Jun 2024
By Robb M. Stewart
MELBOURNE, Australia--Contractor Cimic Group Ltd. (CIM.AU) said Monday it plans to make a takeover offer for the shares it doesn't already own in engineering company UGL Ltd. (UGL.AU) at 3.15 Australian dollars (US$2.39) a share in cash.
Cimic, which is majority owned by Germany's Hochtief AG (HOT.XE), said the offer price is final and unconditional. It already has a 13.8% stake in UGL.
The price represents a 47% premium to Friday's closing price for UGL, which has a market value of about A$356.3 million.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
October 09, 2016 19:24 ET (23:24 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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