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FLS demands dividend-reduction on Australian acquisition
Af Jens Nymark
31-01-2012
16:10
If Australian Ludowici chooses to pay a dividend to its shareholders prior to completion of the acquisition, FLSmidth will reduce its offered price by a corresponding amount.
FLSmidth has offered a price of DKK 1.55 billion for the Australian listed company (mineral equipment) corresponding to AUD 7.20 per share.
But although the acquisition looks quite certain, the final acquisition price could be lower. This is up to Ludowici itself. “The price would be reduced by any dividends that Ludowici pays to its shareholders prior to completion,” FLSmidth wrote in a press release.
FLSmidth is currently in the process of conducting a due diligence investigation. An acquisition also requires the shareholders’ approval of the scheme as well as all necessary regulatory approvals.
But although the acquisition looks quite certain, the final acquisition price could be lower. This is up to Ludowici itself. “The price would be reduced by any dividends that Ludowici pays to its shareholders prior to completion,” FLSmidth wrote in a press release.
FLSmidth is currently in the process of conducting a due diligence investigation. An acquisition also requires the shareholders’ approval of the scheme as well as all necessary regulatory approvals.
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*****||*****FLS demands dividend-reduction on Australian acquisition*****||*****If Australian Ludowici chooses to pay a dividend to its shareholders prior to completion of the acquisition, FLSmidth will reduce its offered price by a corresponding amount.
FLSmidth has offered a price of DKK 1.55 billion for the Australian listed company (mineral equipment) corresponding to AUD 7.20 per share.*****||*****
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