Murray & Roberts rebuffs ATON takeover bid again

29-05-2018
Read : 81 times
Moneyweb
Source

Murray & Roberts says ATON’s latest offer of R17 a share is below the board’s value range.

Murray & Roberts rejects ATON bid. Picture: Moneyweb Murray & Roberts rejects ATON bid. Picture: Moneyweb The independent board of South African construction group Murray & Roberts on Tuesday rebuffed the latest takeover bid offer by German investment house ATON, potentially setting the stage for another round of protracted wrangling.

ATON’s latest offer of R17 a share “remains below the independent board’s guided fair value range of R20.00 to R22.00,” Murray & Roberts said in a statement.

Sign up for Free Daily Building and Construction News
Get it FREE

Recent News

Here are recent news articles from the Building and Construction Industry.
Have you signed up for your free copy yet?

Minister Mbombo touring the construction site to inspect the progress being made with the contractors, civil society and political representatives. R279 million of Acute Psychiatric Unit projects currently under construction
Arial view of The Bluff showgrounds precinct. The Bluff Precinct Plan project gets green light
A file picture of the community protesting outside the Chatsworth Magistrate’s Court. Picture: Nqobile Mbonambi A file picture of the community protesting outside the Chatsworth Magistrate’s Court. Refurbished Chatsworth Magistrate’s Court to officially open, as construction on Durban High Court continues
Imhoff Manor Construction of Kommetjie retirement village begins
Learners cross the wooden bridge. Musina secures R3.5m for bridge after 20 year nightmare
The suggested promenade is planned to go via Lucien beach. Promenade planned from Shelly Beach to Margate
The second phase of constructing a bridge in the Phoenix Industrial Zone is progressing well. Phase two of Phoenix bridge construction underway
Image by Frauke Riether from Pixabay. Lane closures to place concrete barriers on the M13 on the N3 eastbound
The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Thembi Nkadimeng Nkadimeng to handover Van Schalkwyk Road in Sebokeng, Gauteng
Mario Maree accepts Triple E Training’s full accreditation certificate from representatives of Umalusi. Full Umalasi Council accreditation reaffirms Triple E Training’s commitment to quality AET provision

Latest Projects

About L2B

Our comprehensive, online, resource platform delivers daily leads to help you make informed business decisions. Find construction Tenders and Projects within the building, infrastructure, mining and industrial sectors. Opportunities are researched throughout South Africa and Africa. We put new business prospect leads within your reach.

Contact Leads 2 Business

Phone: 0860 836 337
Email: support@L2B.co.za

Read Building & Construction News


Visit Our Construction Industry Blog

Latest Tenders

© Cedrus Internet Solutions (Pty) Ltd 2024. www.L2B.co.za publishes this information in good faith but is not liable for any loss or damage caused by reliance on the information it contains.
Privacy Policy | Site Map