Archer bid too low, Boom says

Updated Jun 29, 2010 – 5.12pm, first published at 5.08pm

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Crane operator Boom Logistics Ltd says a $239.6 million takeover bid by Archer Capital Pty Ltd undervalues the company.

Archer's offer of 52 cents per share was announced to the market on June 3 and Boom said it would report back on its assessment of the proposal.

AAP

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