Can Murray & Roberts be saved?
The company reckons it can — but much now depends on its ability to cut debt, sell assets and wring profits from its key mining division
15 December 2022 - 05:00
Hindsight can be horrific. Less than five years ago, construction and engineering giant Murray & Roberts (M&R) was doing its level best to fight off a R17 a share buyout offer from German firm Aton.
At the time M&R’s independent board regarded the Aton offer as too low, citing R20-R22 a share as a “fair range” for control of the group...
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