Ludowici bid takes a turn with increased offer

THE tussle for control of Australian processing specialist Ludowici has been taken up a gear after leading plant and equipment supplier FLSmidth upped its takeover offer to $A10 per share.

Ludowici bid takes a turn with increased offer Ludowici bid takes a turn with increased offer Ludowici bid takes a turn with increased offer Ludowici bid takes a turn with increased offer Ludowici bid takes a turn with increased offer

The bid reflects an enterprise value of $358 million on a cash and debt-free basis.

It surpasses the offer on the table by third generation building company The Weir Group of $7.

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