SPT

Spotless Group (SPT)

Stock Code

SPT

Stock Exchange

ax

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 Shareholders Threaten to Oust Board


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.

Spotless Requests Higher Takeover Offer


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.

PEP Raises Bid for Spotless Takeover


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.

Spotless Rejects PEP's $698m Bid


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.

Sharemarket Friday of AGMs


Several companies are scheduled to have their Annual General Meetings tomorrow, November 18, 2011. Meanwhile, there will be no ex-dividends nor floats scheduled on the same day.

Annual General Meeting

Here is the list of companies that are scheduled to hold their AGM tomorrow:

The Latest Stock Market News for Wednesday


There is one company scheduled to float , nine stocks that will go ex-dividend, and six companies that will hold their general meeting on August 31, 2011.

Dividends

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