MACA Receives upgraded takeover bid from Thiess
- Mining contractor Thiess has bolstered its takeover offer for ASX-listed MACA (MLD) from $1.025 per share to $1.075 per share
- The new proposed purchase price represents a 49.2 per premium to MAC A’s one-month volume-weighted average price as at July 25, when Thiess first launched its bid
- The MAC A board has unanimously recommended shareholders accept the revised offer, subject to an independent expert’s report
- The founding shareholders of MAC A have entered into written acceptance deeds with Thiess to sell any shares they own, making up 9.41 per cent of the issued shares
- Shares in the company are trading 1.89 per cent higher at $1.08 at 1:52 pm AEST
