Transurban lowers Hills target.(Hills Motorway Group, Transurban City Link Ltd.)(Brief Article)

Australasian Business Intelligence, March, 2005 by Rochfort, Scott

Mar 17, 2005 (The Sydney Morning Herald - ABIX via COMTEX)

Transurban says it will make its takeover offer for Sydney's Hills Motorway unconditional once it has 30 per cent acceptance. It has also says it will greatly increase the distributions it is offering once it reaches its target. Transurban MD Kim Edwards recently said that around 50 per cent of Hills' security holders had accepted its offer. Hills believes that Transurban has lost confidence in its chances of success. Hills' stock ended up on 17 March 2005 while Transurban closed down.

Publication Date: 18 March 2005

TRANSURBAN GROUP LIMITED - ASX TCL: 

HILLS MOTORWAY GROUP LIMITED - ASX

HLY:

COLONIAL FIRST STATE INVESTMENTS

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