CIMIC moves on Sedgman

MINING contractor Sedgman has told shareholders to take no action after receiving a takeover bid from major shareholder CIMIC Group.

CIMIC moves on Sedgman CIMIC moves on Sedgman CIMIC moves on Sedgman CIMIC moves on Sedgman CIMIC moves on Sedgman

CIMIC – formerly Leighton Holdings – is offering $A1.07 per Sedgman share, a 35.4% premium to Sedgman’s last closing price.