Spotless talks up savings in Downer rebuff

By Mathew Dunckley
Updated May 2 2017 - 9:43pm, first published April 27 2017 - 5:20pm
Tuesday 19th December 2006  AFR Photo  ESTELLE JUDAH 0403178677  Portrait of Garry Hounsell, Chairman of emitch Ltd, as he announces acquisition of Mitchell & Partners.    egz061219.001.007 SPECIALX 59695 Photo: Estelle Judah
Tuesday 19th December 2006 AFR Photo ESTELLE JUDAH 0403178677 Portrait of Garry Hounsell, Chairman of emitch Ltd, as he announces acquisition of Mitchell & Partners. egz061219.001.007 SPECIALX 59695 Photo: Estelle Judah

Takeover target Spotless Group claims the hostile bid from Downer EDI fails to properly take into account merger savings that both companies had identified during more amicable talks in June last year.

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