Aton throws in the towel on R7.6bn bid for Murray & Roberts
The German company has cited opposition from the M&R board and from competition authorities
01 October 2019 - 10:42
Aton has let its R7.6bn offer for Murray and Roberts (M&R) lapse, citing the oppositional stance towards the deal adopted by the engineering company's independent board.
There were also significant risks in extending the long-stop date, including the exposure associated with maintaining in place the cash confirmation connected with the offer, the company said in a statement...
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