|Day's range||0.000 - 0.000|
|PE ratio (TTM)||-7.19|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Australia's Downer EDI Ltd offered to buy cleaner-caterer Spotless Group Holdings Ltd for A$1.27 billion ($982 million), a surprise target which the engineering contractor said would cut its reliance on the mining sector. Downer rivals Bradken Ltd and Macmahon Holdings Ltd are both facing takeovers. Downer has been diversifying away from mining services by buying companies in parallel industries, but the Spotless buyout would be its biggest acquisition to date and the furthest from its main business.
Seven contractors, including three Australians and a South African, have been released four days after they were kidnapped by gunmen in southern Nigeria, officials said. Police had given conflicting accounts of how many had been seized and what their nationalities were but they all worked for cement company Lafarge and were taken on the outskirts of Calabar, capital of Cross River State, in the Niger Delta. Cross River State Commissioner Jimoh Ozi-Obeh said they were released "unhurt" on Sunday.
Macmahon Holdings Ltd. said one local worker was shot dead and seven of its employees kidnapped near its operations in Nigeria’s southeastern Cross River state.