IMF Bentham to discontinue funding of shareholder class action against Spotless Group.
Downer waives outstanding conditions as Spotless continues to urge shareholders to reject bid.
Downer increases interest to almost 30 per cent, while Spotless continues to urge shareholders to reject takeover.
Parliament House cleaners and United Voice take action after five years without pay rises.
The housekeepers were dismissed and immediately re-hired as purported independent contractors to perform the same duties.
Spotless once again urges shareholders to reject Downer’s $1.2 billion takeover offer.
The Federal Court found the company treated vulnerable employees as “slaves” under a “calculated” scheme.
Cleaning and facilities management group calls on industry to support NZ initiative.
Downer sets new date and terms for Spotless Group takeover offer.
Spotless has been hit with a second class action over allegations it mislead investors about its 2015 financial results.
The deal represents ISS’ first opportunity to manage hard FM (technical maintenance services) for the Australian healthcare sector.
Downer extends deadline by two weeks as Spotless urges shareholders to reject offer.