- Offer period extended until 20 May 2016.
- Ferrovial to commence compulsory acquisition process to acquire 100% of shares.
- Broadspectrum announced changes in its Board.
As previously announced, given that Ferrovial’s interest in Broadspectrum now exceeds 90%, Ferrovial will commence in the coming days the compulsory acquisition process to acquire all the remaining Broadspectrum shares that were not acquired under the takeover offer to thereby acquire a 100% interest and de-list the company.
On the other hand, Broadspectrum today announced a number of changes to the Board, incorporating the new Ferrovial representatives.