M&R plunges after Aton bid is rejected by competition body
The recommendation by the Competition Commission that Aton's takeover be blocked could spell the end of a four-year long bid for M&R
19 July 2019 - 16:44
The Murray & Roberts (M&R) share price recorded its steepest fall in seven months following news that the Competition Commission had recommended the Competition Tribunal prohibit the proposed takeover by Aton, a privately-owned German firm.
The share price dropped 16.73% to R11.50, its lowest level in 16 months, within hours of the commission’s announcement. The recommendation could spell the end of a four-year long bid by Aton to get control of one of country’s leading engineering firms...
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