Markets

Ferrovial has upped its offer for Broadspectrum, the renamed Transfield

Spanish infrastructure company Ferrovial has upped its takeover offer for Broadspectrum, the renamed Transfield Services. The bid has been increased 11% from $1.35 to $1.50 a share, valuing the company at $768.69 million. A short time ago, Broadspectrum shares were up 8% to $1.25. Santiago Olivares, CEO of Ferrovial, says […]
Ferrovial has upped its offer for Broadspectrum, the renamed Transfield
Markets

Detention centre operator Broadspectrum triples its profit

Broadspectrum, which was Transfield Services until its changed its name because of controversy over its role running offshore detention centres, has just posted a statutory profit of $25 million, up from $8.4 million the year before. In early trade, its shares were up almost 9% to $1.16. The financial results […]
Detention centre operator Broadspectrum triples its profit