MACA Receives $350m takeover offer from Thiess
- MACA (MLD) receives a $350 million cash takeover bid from Thiess Group Investments
- Thiess has offered just over $1 for each MAC A share, a 28.1 per cent premium to its last closing price on July 25
- The company says Thiess approached it with a “compelling offer at an attractive price” and MAC A directors intend to accept the offer and recommend shareholders to do the same
- The deal is subject to approval from the Foreign Investment Review Board and the Australian Competition and Consumer Commission and will need at least 90 per cent to vote in favour
- MLD shares are up 22.5 per cent to trade at 98 cents each as of 2:19 pm AEST
