It is not in shareholders' interests for Dar to further increase its shareholding, says Worley

  • Oct 16, 2019 AEDT
  • Team Kalkine

WorleyParsons Limited (ASX: WOR) confirmed that it had provided the information about its operation to the Foreign investment Review Board (FIRB) as a part of the confidential FIRM process in the context of possible acquisitions by its largest shareholder Dar Group (Dar)

The company also confirmed that it has engaged with Dar for share acquisitions and requests for Worley Board representation and for a comprehensive business cooperation agreement with Worley.

Worley believes that it is not in shareholder’s interest for Dar to further increase its shareholding in Worley by creeping acquisitions or to enter into a business cooperation agreement with Dar

At AEST (1:12 PM), the stock was trading at $13.545, up by 3.397per cent from the previous close.

 

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