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Big questions linger over Spotless bid

Mar 23, 2017 - Australian Financial Review

Downer EDI chief executive Grant Fenn is paying one of the biggest premiums seen in Australian takeovers in the last five years - and for a company most agree is struggling.

Data compiled by Dealogic for The Australian Financial Review shows Downer's $1.2 billion takeover offer for Spotless Group, which was pitched at a premium of 58.6 per cent to Spotless' previous closing share price, is the second-biggest premium offered for a deal over $500 million since 2012.

Only the bid for Br...