Hindsight can be horrific. Less than five years ago, construction and engineering giant Murray & Roberts was doing its level best to fight off a R17 a share buyout offer from German firm Aton.
At the time M&R’s independent board regarded the Aton offer as too low, citing R20-R22 a share as a “fair range” for control of the group...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
Source: Loan Digest (loandigest.net)
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