Bradken has fallen

ONE of the glory stocks of the past mining boom Bradken has fallen to takeover suitor Hitachi Construction Machinery.

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Hitachi has scooped up the necessary acceptances to make its Bradken take over compulsory.

Hitachi confirmed on March 27 that it had achieved the 90% compulsory acquisition threshold for its Bradken takeover.

It has a relevant interest in Bradken of about 91.2%.

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