Transfield Services’ confidentiality agreement signed

Transfield Services announced today that the confidentiality agreement has been executed with Ferrovial Servicios SA, allowing Ferrovial to conduct limited due diligence of Transfield Services.

Limited due diligence comprises substantial, relevant, commercially sensitive and non-public information, which will allow Ferrovial to determine whether an offer representing better value for Transfield Services shareholders can be put forward.

Given the commercially sensitive nature of information provided, the agreement also contains a standstill preventing Ferrovial trading in Transfield Services shares until 28 February 2015.

The agreement follows Transfield Services receiving an indicative, non-binding and conditional proposal from Ferrovial to acquire 100 per cent of the issued shares in Transfield Services for cash consideration o f $1.95 per share, less the value of any dividends or other distributions after 17 October 2014.

Any further negotiations are likely to take some ti me, and shareholders will be updated as required. T here is no certainty that a transaction will eventuate.


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Transfield Services employs over 19,000 people across 20 industries and 10 countries. We are a global provider of operations, maintenance and construction services to the Resources, Energy, Industrial, Infrastructure, Property and Defence sectors.
We deliver asset management services across all phases of the asset lifecycle, from concept and creation, to services that sustain, optimise and enhance our Client’s assets. With diverse global experience and expertise, we share our knowledge and challenge thinking to develop and implement innovative solutions that deliver real value for our Clients. Our unique approach enables us to deliver continuous improvements in asset performance and sustain long term relationships with our Clients and partners.