Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 : 14-Jan-16

Australian-listed CIMIC Group is seeking full ownership of engineering firm Sedgman, in which it holds a 37 per cent stake. Sedgman’s shares closed at $A0.79 on 13 January 2016, compared with CIMIC’s cash offer of $A1.07 per share. Sedgman will commission an independent expert’s report before making a recommendation to shareholders regarding the bid. CIMIC launched the bid after Sedgman rejected a number of requests, which included a second board representative.

CORPORATES
CIMIC GROUP LIMITED – ASX CIM, SEDGMAN LIMITED – ASX SDM, GRUPO ACS, HOCHTIEF AG, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, BARMINCO PTY LTD, AUSDRILL LIMITED – ASX ASL, MORGANS FINANCIAL LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, DEVINE LIMITED – ASX DVN