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Aton abandons bid for control of Murray & Roberts

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German-based company cites recommended prohibition by the Competition Commission and opposition of M&R’s independent board as primary reasons to withdraw offer

German-based company cites Competition Commission prohibition and opposition of the M&R independent board as primary reasons for withdrawing offerMurray & Roberts share price took its biggest tumble since July after Tuesday’s announcement by German-based Aton that it was abandoning a

five-year long bid for control of the SA engineering and construction firm.PremiumA subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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