BRIEF-Bradken says withdraws offer to acquire Austin Engineering

Feb 27 (Reuters) - Austin Engineering Ltd ANG.AX :

* Bradken withdraws offer to acquire Austin Engineering ANG.AX

* Bradken- co's fixed exchange ratio offer of 0.75 bradken shares for one Austin Engineering share made on 18 December 2013 is no longer accretive to bradken shareholders

* Bradken Ltd says currently intends to continue to maintain a strategic holding in Austin Engineering

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