LCC Asia Pacific releases Australian Market Update

SYDNEY - July 17, 2017 - PRLog -- Boutique Investment Banking Firm LCC Asia Pacific today released multiple weekly market updates on the Australian public company sector.  This week's releases included Edition 219 on the Engineering, Contracting & Services Sector.



Of particular note in the Engineering, Contracting & Services Sector, Nicholas Assef, LCC's Principal & Founder, noted :

"The last week has seen the award of a number of substantial contracts and additionally ongoing Merger & Acquisition activity.  Most notable was the recommended control transaction for Programmed Maintenance Services (ASX PRG) by Persol Holdings.  The control premia on this deal was substantial, being an approximate 68% premium to the previous closing price for PRG.  With the share price of PRG trading slightly below the Offer price of $3.02 at this stage it appears the market sentiment is not expecting a counter proposal from any third party

Also of note, Downer EDI (DOW) has passed 65% relevant interest in its takeover proposal for Spotless (ASX SPO).  In a long fought takeover contest on 18^th July the Spotless Board "reluctantly" recommended shareholders accept Downer's takeover offer"

For more detail on the movements in the Engineering, Contracting & Services Sector a copy of the report can be downloaded from either www.lccapac.com or via the following link :

About LCC Asia Pacific

LCC Asia Pacific is a boutique investment banking firm that provides strategic advice to its clients on growth initiatives – both through acquisition and via organic means.  Founded in Sydney, Australia LCC today has an office in Brisbane, Australia and a representative office in Hong Kong.

LCC specialises in a number of key sectors, including Engineering & Services, Renewables, Resources & Industrials.  Research & Market Updates are provided regularly across a number of these Sectors.  LCC Asia Pacific has a long history of working successfully on both Australian and Cross Border assignments with corporates, financial sponsors and public sector organisations.

To learn more on LCC Asia Pacific please visit www.lccapac.com