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Manus Island detention centre operator to sell business Manus Island detention centre operator to sell business
(4 months later)
Related: Manus Island detainees plead: anywhere but Papua New Guinea
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.