M&R’s German suitor buys time
M&R says the process of obtaining merger control clearances and approvals from competition authorities is still continuing
27 June 2019 - 12:45
German family-owned investment group Aton has once again exercised its “sole and absolute” discretion to extend the deadline for the mandatory takeover of Murray & Roberts (M&R) to end-September.
The latest extension creates more uncertainty about M&R’s fate after Aton, which owns 44% in the engineering group, announced in 2018 plans to buy out the other shareholders in the company...
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