German holding company Aton in takeover bid for Murray & Roberts

SOUTH AFRICA – German family-owned holding company Aton, which has made an offer to buy Murray & Roberts (M&R), said that the deal has obtained merger approvals in Zambia and Namibia. According to a report by Business Report, the listed engineering and mining contractor is yet to obtain all the competition authority approvals in South Africa and Canada before the end of March. Aton has offered R17 (US$1.19) a share, less than the R20 (US$1.4) to R22(US$1.53) range the M&R board has put out as fair value for the business…

Read More