Asciano says takeover proposal too low
| Source: | Inside Business |
|---|---|
| Published: | Sunday, August 10, 2008 10:28 AEST |
| Expires: | Saturday, November 8, 2008 10:28 AEST |
It has been a tumultuous week for the port and rail operator, Asciano, besieged by private equity while unveiling an $185 million loss for its first year's operation. Even the takeover offer provided little cheer for foundation investors which would see them drop 60 per cent on the the listing price.
