COMPANY COMMENT
Awaiting the next move in the M&R takeover saga
The post-mortems over the Aton deal are already underway, but the Competition Tribunal may yet have the final word
25 July 2019 - 18:01
It’s impossible to know exactly how opposed the Murray & Roberts (M&R) board was to the Aton merger. Impossible to know whether its remarkably vigorous defence against the German firm’s bid was merely an attempt to extract a higher offer price or whether it believed the company had better long-term prospects as a standalone.
Similarly, it’s impossible to know the extent to which the M&R shareholders, other than Aton, who turned up in record numbers for various extraordinary shareholder meetings, were fundamentally opposed to an Aton takeover or merely wanted more money...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.