UGL recommends CIMIC bid

THE board of engineering firm UGL has recommended shareholders accept the $3.15 a share off-market takeover offer from CIMIC.

UGL recommends CIMIC bid UGL recommends CIMIC bid UGL recommends CIMIC bid UGL recommends CIMIC bid UGL recommends CIMIC bid

Kate Spargo

That is, of course, in the absence of any superior offer.

UGL-appointed independent expert Grant Samuel determined the value of UGL on a 100% controlling interest basis ranged from $3.11 to $3.

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