Friday, 10 February 2017
ASX Market Announcement Office ASX Limited
Level 4, Exchange Centre 20 Bridge Street
SYDNEY NSW 2000
HITACHI CONSTRUCTION MACHINERY CO., LTD'S TAKEOVER BID FOR BRADKEN - CFIUS CONDITION SATISFIEDBradken Limited (ASX:BKN) advises that Hitachi Construction Machinery Co., Ltd. (HCM) and Bradken have received notices from the Committee on Foreign Investment in the United States (CFIUS) stating that it has concluded its review and determined that there are no unresolved national security concerns arising from HCM's takeover bid for Bradken.
This satisfies the CFIUS condition to HCM's takeover offer
All Regulatory Approval Conditions to HCM's takeover offer have now been satisfied. The offer remains subject to certain other conditions including a 50% minimum acceptance condition.
For more information on the takeover offer by HCM please the see the Bidder's Statement and Target's Statements available on Bradken's website at www.bradken.com.
Steven Perry - Chief Financial OfficerTel: +61 2 4926 8200
Fax: +61 2 4926 8201
Email: bradken@bradken.com
About BradkenBradken is a leading supplier of differentiated consumable and capital products for the mining, freight rail, transport, defence, oil & gas, power generation, sugar and other primary industries. The Company employs approximately 3,050 people in 19 manufacturing facilities and more than 39 sales and service centres across Australia, New Zealand, USA, Canada, India, Indonesia, Malaysia, South Africa, South America and China. Bradken became a publicly listed company in August 2004 has been in business for over 90 years and operates three market-focused divisions, supported by two global support functions.
For further information about Bradken, visit www.bradken.com
Bradken Limited (ABN 33 108 693 009) BRADKEN®
20 McIntosh Drive Mayfield West NSW 2304 Australia PO Box 105 Waratah NSW 2298 Australia
Bradken Limited published this content on 10 February 2017 and is solely responsible for the information contained herein.
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