It’s mining and heavy works contractor MACA Ltd’s turn for a round of takeover talks, with the group attracting interest from sector heavyweight Thiess.
, is seeking to acquire the business for to acquire the business for $350 million.
The offer was a 28.1 per cent premium to the last close and a 37.4 per cent premium to the three month VWAP. MACA listed in 2010 and trades with a $272 million market capitalisation. The stock’s down 13 per cent in the past year, but has had a strong past month on the back of some contract wins.
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