Belgian giant BESIX is unlikely to sweeten its 92¢ a share offer to acquire two-thirds of ASX-listed Watpac and may walk away entirely from the Australian construction company if its proportional takeover fails, chief executive Rick Vandenberghe says.
"We believe our offer is a very strong offer and a win-win for Watpac and its shareholders," Mr Vandenberghe told The Australian Financial Review.
Loading...
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
