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Austin Engineering Ltd announces indicative and non-binding proposal from Bradken Limited

Tuesday, 17 Dec 2013 02:23am EST 

Austin Engineering Ltd:Says it has received an unsolicited confidential indicative, non-binding and conditional proposal from Bradken Limited (Bradken).Says Bradken, an existing 21.5 pct shareholder, to acquire all of the shares in the company, which it does not own for Bradken shares at a fixed exchange ratio of 0.75 Bradken shares for every one Austin share. 

Company Quote

0.01 +0.86%
1 Oct 2014