Bradken investors embrace Hitachi bid

Investors welcome Hitachi Construction Machinery’s plan to acquire Australian rival Bradken. But some analysts say the deal means shareholders will miss out on a promising turn-around.

Anita Lam

October 04, 2016

Japan’s Hitachi Construction Machinery (HCM) announced on Monday that it would pay A$3.25 per share to buy a 100% stake in Bradken. That gave investors a 34% premium to the last close and a 90% premium to the 90 days volume weighted average price.

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