Cimic, formerly the Leighton Group, said it offered to buy the rest of Sydney-based UGL that it does not already own for A$3.15 per share in cash, which is 47% more than UGL’s closing price last Friday.
Cimic already owns 13.84% of UGL, and said it believes UGL’s competencies "are complementary to Cimic's existing operations or enhance Cimic's capabilities in new activities".
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