CIMIC is set to complete its $243 million takeover of Sedgman after taking its holding in the mining services group past 90 per cent.
The construction giant has issued a compulsory purchase notice for the Sedgman shares it does not own, and says it expects to complete its take-over within six weeks.
Sedgman in February admitted defeat in its attempt to fend off CIMIC's interest, recommending shareholders accept the offer even though it considered it inadequate.
The $1.07 per share offer has been adjusted for the fully franked dividend of 12.3 cents declared by Sedgman in February, meaning shareholders will receive 94.7 cents per share.
Sedgman shares were valued at 95 cents prior to trade on Friday. CIM shares were worth $34.61.
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