Original article by Jenny Wiggins
The Australian Financial Review – Page: 13 & 18 : 3-Nov-14

The directors of Australian-listed Transfield Services in mid-October 2014 rebuffed an indicative takeover bid worth $A1.95 a share, received from Spanish group Ferrovial. The latter is now refusing to sign a confidentiality agreement put forward by the facility management company, to gain access for due diligence. The suitor argues the terms and conditions are excessively onerous, while Transfield maintains they are standard procedure. The directors will detail the reasons for rejecting the offer at the AGM on 5 November. Ferrovial may yet sweeten the already fairly priced offer

CORPORATES
TRANSFIELD SERVICES LIMITED – ASX TSE, GRUPO FERROVIAL SA, AUSTRALIA. DEPT OF IMMIGRATION AND BORDER PROTECTION, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, UGL LIMITED – ASX UGL, STEEL INGENIERIA LIMITADA, ENTERPRISE PLC