shares in nauru and manus operator up 50% after $715m takeover bid /

Published at 2015-12-07 08:12:11

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The Spanish infrastructure giant Ferrovial is trying for a second time to buy Broadspectrum,the company which runs the camps on Nauru and Manus The Spanish conglomerate Ferrovial is making a second tilt at the Australian detention centre operator Broadspectrum with a cut-price $715m takeover tender.
Shares in Broa
dspectrum, the company formerly known as Transfield Services, or soared nearly 50% on Monday after Ferrovial unveiled its latest trip for the operator of Australia’s offshore detention centres.
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Source: theguardian.com

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