Spotless Group
Spotless Group (SPT) caters an extensive range of services and products to business, industry, healthcare, education, resources, and government-based customers across Australia and New Zealand. It also provides services to garment-based retailers and manufacturers around the world. Spotless Group listed on the ASX on 1 January, 1974. To date the Company has circa 30,000 staff employed throughout the world. The Company provides cleaning services to a broad range of sectors also comprising hospitals, schools and airports. The company focuses its development through various segments.
Spotless Group (SPT) shareholders are close to calling an extraordinary general meeting and oust its board after bidder Pacific Equity Partners (PEP) disagreed to raise its bid to $2.80 without access to due-digiligence, as suggested by the facilities and services company.
Industrial services company Spotless Group (SPT) is suggesting for a higher takeover price as it requests its bidder Pacific Equity Partners (PEP) to raise its offer to $2.80 a share from its previous $2.68 offer last December. This will increase the company's value from $711 million to $743 million.
The buyout firm Pacific Equity Partners (PEP) proves its persistence to takeover the industrial services company Spotless Group (SPT) as it raises its bid proposal to $2.68 per share from last month's $2.63. The revised proposal of PEP increases the value of the industrial services company from $698 million last month to $711 million.
After speculations about a takeover, the Australian industrial services firm Spotless Group (SPT) confirmed that the buyout firm Pacific Equity Partners offered a $698 million takeover proposal but said its directors felt that the offer was too low.
Learn the dividend history for SPOTLESS GROUP LIMITED. Dividends are payments made by a public company to its shareholders. It is a portion of corporate profits paid out to stockholders. You are eligible to receive SPT dividends if you own the SPOTLESS GROUP LIMITED shares on the ex-dividend date. Investors and traders must purchase the stock before the exdividend date to be entitled to the dividend. The previous owner of the shares will receive the SPT dividend if you buy the stocks on or after the ex dividend date.
Ausenco (AAX), a renowned company that operates in the engineering and project management facilities at a global; scale to the minerals processing and mining industries was the worst performing company in the ASX200 list for the week. The company had a market capitalisation of $286.3 million and lost 30.4 percent to its stock price and was closed for the week at $2.34. Its stocks were traded at $3.36 during the last week.
Spotless Group (SPT) was the overall best performing stock taking in a 18.21 percent increase. Among the best performing stocks for the week 24 of 2008 on the Australian sharemarket was a mixture of toll road development, oil and gas exploration, retail services, mineral and mining: Transurban Group (TLC), Woodside Petroleum (WPL), Santos (STO), Spotless Group (SPT), JB Hi-Fi (JBH), Mincor Resources (MCR). These top gainers for the week 24 managed above 6.79 percent by the end of the trading week.
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