Downer's long-running takeover bid to acquire services group Spotless comes to an end on Monday, when its $1.2 billion offer finally closes after being extended nine times.
The contractor, which controlled 87.5 per cent of Spotless at the end of last week, has said that its August 28 deadline will not be extended again unless it gets more than 90 per cent of the services company by 7pm Monday, allowing it to compulsorily acquire the remaining shares for $1.15 each.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
