Weir renews Ludowici offer

Engineer Weir Group yesterday renewed its $10 a share bid for Ludowici, as it tries to beat rival FLSmidth to a deal.

The board of Ludowici, said yesterday it continued to recommend the FLSmidth bid to shareholders in the absence of a higher offer. However Weir has appealed against a decision by the Australian takeovers panel, claiming that FLSmidth has breached rules. It said yesterday its offer was still on the table.