Queensland construction group Seymour Whyte has recommended investors accept a $113 million takeover bid from French construction group Vinci.
Seymour Whyte's board accepted the proposed cash offer of $1.285 per share after several months of exclusive talks with Vinci's construction division.
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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
