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.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.