Ferrovial Services has ceased discussions with Transfield Services regarding an acquisition of 100% of the company. Ferrovial Services has undertaken the limited due diligence available and concluded that there were a number of issues that impacted value.
In order to seek a Board recommendation, Ferrovial Services took a very long term view on value and proposed a revised price of A$2.00 per share, which has been rejected by the Board and therefore discussions have ceased.
Ferrovial Services is a disciplined investor and will continue to investigate options to grow its business internationally.
