SPT

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.

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:

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

Share Filter of the Bottom 10 Stocks on the ASX 200 for the week. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (12th week: 21st March to 25th March 2011). Other lists of ASX companies by Market capitalisation.

Learn the Stock Market Winners on the ASX 200 for the week. These stocks increased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (11th week: 14th March to 18th March 2011). Other lists of ASX companies by market capitalisation.

ASX 200 Stocks Which Overperformed from these ASX top 200 companies this week. These stocks increased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (51st week: 20th December to 24th December 2010). ASX200 stocks in this list include: SDL, SPT, LYC, CQO, TPI, RHC, ILU, BP, HGG, SFR, GBG, PRY, BPT, GNC, IAG.