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CIMIC moves on Sedgman

Sedgman has told shareholders to take no action after receiving a takeover bid from CIMIC

Kristie Batten

CIMIC – formerly Leighton Holdings – is offering $A1.07 per Sedgman share, a 35.4% premium to Sedgman’s last closing price. CIMIC already owns nearly 37% of Sedgman after acquiring 50% of the company...

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