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You can find the current article at its original source at http://www.theguardian.com/australia-news/2016/apr/29/manus-island-detention-centre-operator-to-sell-business
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Manus Island detention centre operator to sell business | Manus Island detention centre operator to sell business |
(4 months later) | |
The Manus Island detention centre operator, Broadspectrum, has changed tack and recommended a takeover by Spanish infrastructure giant, Ferrovial. It comes in the wake of Papua New Guinea’s announcement that the centre must close. | The Manus Island detention centre operator, Broadspectrum, has changed tack and recommended a takeover by Spanish infrastructure giant, Ferrovial. It comes in the wake of Papua New Guinea’s announcement that the centre must close. |
The board of Broadspectrum – previously named Transfield Services – had earlier recommended shareholders reject Ferrovial’s $769m bid, but abruptly changed its advice following the events of this week. | The board of Broadspectrum – previously named Transfield Services – had earlier recommended shareholders reject Ferrovial’s $769m bid, but abruptly changed its advice following the events of this week. |
Broadspectrum shares were valued at $1.12 when they went into a one-day trading halt on Thursday, 38 cents below Ferrovial’s offer of $1.50 per security. | Broadspectrum shares were valued at $1.12 when they went into a one-day trading halt on Thursday, 38 cents below Ferrovial’s offer of $1.50 per security. |
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