Spotless to reveal outcome of takeover talks with Pacific Equity Partners

INDUSTRIAL services company Spotless will unveil the outcome of its talks with its private equity suitor on Monday. Spotless shares have been suspended from trade until the company provides an update, expected before trading commences on April 30. Pacific Equity Partners (PEP) made a hostile takeover bid for Spotless in November 2011, and increased the value of the offer to about $711 million in December. Spotless wanted a higher offer but allowed PEP to conduct due diligence, and the two parties have been in negotiations since. CONTINUE READING AS YOU ENTER THE WORLD @theheraldsun

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