On Monday, mining services company Bradken Limited (ASX: BKN) announced it had entered into an implementation agreement with Japanese construction company Hitachi Construction Machinery Company Limited. Hitachi has agreed to make an all cash off-market takeover for Bradken for $3.25 per share. Bradken is likely to benefit from its cost reduction program and the increase in capital expenditure by mining companies globally. Shares in Bradken closed up 33.1% for the week. We own Bradken as a market-driven investment in WAM Capital and WAM Active.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.