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Spotless fights back

SPOTLESS Group Holdings has instructed its shareholders to “take no action” on Downer’s $1.15 a share takeover bid, branding it “hostile and opportunistically timed”.

Noel Dyson
Spotless Group has struck back at Downer's $1.15 a share bid.

Spotless Group has struck back at Downer's $1.15 a share bid.

It has also made an application to the Takeovers Panel saying Downer’s bidder statement contains a number of “material defects and misleading and deceptive statements”. One of the things Spotless has...

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