Broadspectrum Investor Allan Gray Yet to Decide on Ferrovial Bid
Source: BFW (Bloomberg First Word)
Tickers
BRS AU (Broadspectrum Ltd)
FER SM (Ferrovial SA)
0364776D AU (Allan Gray Australia Pty Ltd/Australia)
People
Simon Mawhinney (Allan Gray Australia Pty Ltd/Australia)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- Allan Gray, Broadspectrum’s biggest shareholder, seeking detail from co. on impact of Papua New Guinea govt decision to close Manus Island refugee processing facility, Chief Investment Officer Simon Mawhinney says by phone.
Alert: HALISTER- NOTE: Broadspectrum operates the Manus Island facility
- “What Australia might do on the back of the closure, and the impact of that on Broadspectrum makes things quite uncertain at this stage”: Mawhinney
- Allan Gray meeting Broadspectrum mgmt to seek information on PNG decision, delay in recovery in performance of its infrastructure business: Mawhinney
- “It is a live discussion, and we don’t have to make a decision today”: Mawhinney
- Allan Gray will make decision on Ferrovial bid by May 2 deadline: Mawhinney
- Ferrovial said in ASX filing today it has acceptances from 23.74% of Broadspectrum shareholders, up from 16.14% yday
- NOTE: Mawhinney said April 4 Ferrovial bid “significantly undervalues” co.; did not plan to accept offer
- NOTE: Allan Gray holds 18.7% of Broadspectrum: Bloomberg data
- NOTE: PNG to Close Refugee Camp in Blow to Australia
Source: BFW (Bloomberg First Word)
Tickers
BRS AU (Broadspectrum Ltd)
FER SM (Ferrovial SA)
0364776D AU (Allan Gray Australia Pty Ltd/Australia)
People
Simon Mawhinney (Allan Gray Australia Pty Ltd/Australia)
To de-activate this alert, click here
UUID: 7947283