COMPETITION ISSUES
Murray & Roberts hit as commission opposes Aton takeover
22 July 2019 - 05:10
Murray & Roberts’s (M&R’s) share price dropped as much as 20% on Friday afternoon to its lowest level in 16 months after the Competition Commission’s announcement that it wanted the proposed takeover by German company Aton to be prohibited.
The commission said that the proposed transaction would result in "a substantial lessening of competition"...
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