Bloomberg News

Spotless Group Rejects Pacific Equity Offer at A$2.63-Share

November 30, 2011

Nov. 17 (Bloomberg) -- Spotless Group Ltd., an Australian food and cleaning services company, rejected an offer from Pacific Equity Partners of A$2.63 per share in a filing to the Australian stock exchange today.

The Spotless directors reviewed the proposal in detail and say it does not reflect the fundamental value of the company in the context of a change of control, the filing stated.

To contact the editor responsible for this story: Rebecca Evans at revans6@bloomberg.net


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