13.09.2007
Cape makes A$233 million offer
Oil services company Cape said today that it has offered to buy Australian scaffolding and hoist firm PCH Group for A$233 million ($194.8 million).
Cape said the cash deal- if it proceeded - for A$1.30 per PCH share, would be funded through its existing bank facilities.
The announcement comes just two days after Cape agreed to buy another Australian scaffolding equipment company, Concept Hire for A$128.7 million.
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