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| Name | Symbol | Market | Type |
|---|---|---|---|
| Ferrovial SA (PK) | USOTC:FRRVY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 31.00 | 30.35 | 32.80 | 0.00 | 01:00:00 |
From Jun 2019 to Jun 2024
SYDNEY--Transfield Services Ltd. (TSE.AU), an Australian provider of project-management-and-maintenance services, said Monday it had received a 1 billion Australian dollar (US$785 million) takeover bid from Spain's Ferrovial SA (FER.MC).
Transfield rejected the offer as too low, but granted Ferrovial the opportunity to conduct limited due diligence.
"The board believes that shareholders interests are best served by conducting exploratory discussions with Ferrovial to determine whether a proposal which would deliver better value to shareholders can be put forward," it said.
Ferrovial offered A$1.95 per share, representing a 30% premium to Transfield's most recent trade of A$1.50.
Transfield's business has struggled in recent years, as the country's slowing mining boom cools demand for its services. Last year, it wrote down the value of its Easternwell oil services business after it consistently underperformed expectations since being acquired by the group in 2010.
Write to Ross Kelly at ross.kelly@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Ferrovial (PK) Chart |
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