Multiplex buyer

19 March 2008

Brook field Asset Management, a Canadian asset management company, has submitted an all cash offer to acquire Multiplex, which has been approved by the Australian contractor's Board. The company will pay AU$ 5.05 (US$ 4.14) per share for Multiplex, for a total transaction value of AU$ 4.3 billion (US$ 3.52 million). According to Brookfield, the offer represents a +30% premium on Multiplex's share price over the last month, and is equivalent to 20.7 times its net profit in 2006.

Latest News
TCNA success in Nashville
Almost 300 attendees at the Tower Cranes North America conference helped make it a great event
First Spierings crane in Italy goes to Pizzolato
Pizzolato takes first unit of Dutch manufacturer’s mobile folding cranes
Bernhard Kahn joins Hematec
Director for Germany and Austria has previously worked at Snorkel and Genie