Boutique Advisory Firm LCC Asia Pacific has released multiple weekly update reports, including on corporate and commercial developments of note in both the Resources Sector and Engineering, Contracting & Services Sectors
Of particular note in the Engineering, Contracting & Services Sector, Nicholas Assef, LCC’s Principal & Founder, noted :
“The last week has seen the award of a number of substantial contracts and additionally ongoing Merger & Acquisition activity. Most notable was the recommended control transaction for Programmed Maintenance Services (ASX PRG) by Persol Holdings. The control premia on this deal was substantial, being an approximate 68% premium to the previous closing price for PRG. With the share price of PRG trading slightly below the Offer price of $3.02 at this stage it appears the market sentiment is not expecting a counter proposal from any third party
Also of note, Downer EDI (DOW) has passed 65% relevant interest in its takeover proposal for Spotless (ASX SPO). In a long fought takeover contest on 18th July the Spotless Board “reluctantly”
For more detail on the movements in the Engineering, Contracting & Services Sector a copy of the report can be downloaded from either www.lccapac.com or via the following link :
About LCC Asia Pacific
LCC Asia Pacific is a boutique investment banking firm that provides strategic advice to its clients on growth initiatives – both through acquisition and via organic means. Founded in Sydney, Australia LCC today has an office in Brisbane, Australia and a representative office in Hong Kong.
LCC specialises in a number of key sectors, including Engineering & Services, Renewables, Resources & Industrials. Research & Market Updates are provided regularly across a number of these Sectors. LCC Asia Pacific has a long history of working successfully on both Australian and Cross Border assignments with corporates, financial sponsors and public sector organisations.
To learn more on LCC Asia Pacific please visit www.lccapac.com