Americans buying Coffey

CALIFORNIAN engineering services company Tetra Tech has launched a 42.5c a share bid for one of Australia’s largest mining consulting firms, Coffey International.

Americans buying Coffey Americans buying Coffey Americans buying Coffey Americans buying Coffey Americans buying Coffey

The Coffey board has recommended shareholders accept the Tetra Tech offer, which is at a 130% premium to Coffey’s closing price yesterday of 18.5c a share and values Coffey at about $104 million.