Edition:
India

Murray & Roberts Holdings Ltd (MURJ.J)

MURJ.J on Johannesburg Stock Exchange

1,660.00ZAc
21 Aug 2018
Change (% chg)

-35.00 (-2.06%)
Prev Close
1,695.00
Open
1,651.00
Day's High
1,695.00
Day's Low
1,512.00
Volume
109,142
Avg. Vol
573,208
52-wk High
1,925.00
52-wk Low
870.00

Latest Key Developments (Source: Significant Developments)

Aton Announces Withdrawal Of Voluntary Offer, Salient Dates And Posting Of Offer Circular
Tuesday, 5 Jun 2018 

June 5 (Reuters) - ATON::ANNOUNCEMENT OF WITHDRAWAL OF VOLUNTARY OFFER, SALIENT DATES AND POSTING OF OFFER CIRCULAR.IN TERMS OF FIRM INTENTION ANNOUNCEMENT, ATON ANNOUNCED WITHDRAWAL OF VOLUNTARY OFFER WITH EFFECT FROM DATE AND TIME AT WHICH OFFER OPENS.  Full Article

Murray & Roberts Update On Announcement Regarding Potential Combination Of Co, Aveng
Thursday, 31 May 2018 

May 31 (Reuters) - Murray & Roberts Holdings Ltd ::UPDATE ANNOUNCEMENT REGARDING THE POTENTIAL COMBINATION OF MURRAY & ROBERTS AND AVENG AND WITHDRAWAL OF CAUTIONARY.BOTH COMPANIES ARE CURRENTLY IN PROCESS OF CONDUCTING A RECIPROCAL DUE DILIGENCE.REMAINS SUPPORTIVE OF AVENG PROCEEDING TO IMPLEMENT PROPOSED RIGHTS OFFER, SALE OF IDENTIFIED NON-CORE ASSETS.MURRAY & ROBERTS AND ATON HAVE AGREED TO MEET IN ORDER TO DISCUSS MERITS OF POTENTIAL TRANSACTION.  Full Article

Murray & Roberts Says ATON Stake In Co Now At 43.9 Pct
Wednesday, 30 May 2018 

May 30 (Reuters) - Murray & Roberts Holdings Ltd ::NOTICE OF ACQUISITION OF MURRAY & ROBERTS SECURITIES.ATON AUSTRIA HOLDING GMBH HAS ACQUIRED AN ADDITIONAL BENEFICIAL INTEREST IN MURRAY & ROBERTS' ORDINARY SHARES.TOTAL BENEFICIAL INTEREST OF ATON AT IN MURRAY & ROBERTS' ORDINARY SHARES, AS DISCLOSED BY ATON AT, IS ±43.9 PCT OF TOTAL ISSUED SHARE CAPITAL.  Full Article

Aton GmbH Announces Firm Intention To Make Mandatory Offer For Murray & Roberts
Monday, 28 May 2018 

May 28 (Reuters) - Aton GmbH: :FIRM INTENTION ANNOUNCEMENT BY ATON GMBH TO MAKE MANDATORY OFFER TO ACQUIRE ALL ISSUED SHARES OF MURRAY & ROBERTS HOLDINGS LTD NOT ALREADY OWNED BY ATON OR ITS AFFILIATES, AT ZAR17.00 PER SHARE, PAYABLE IN CASH.ANNOUNCEMENT OF ATON'S FIRM INTENTION TO MAKE A MANDATORY OFFER, WHICH WILL REPLACE ATON'S VOLUNTARY OFFER FOR MURRAY & ROBERTS.  Full Article

Murray & Roberts Says Independent Board To Consider Contents Of ATON Annoucement
Friday, 25 May 2018 

May 25 (Reuters) - Murray & Roberts Holdings Ltd ::UPDATE ANNOUNCEMENT REGARDING ACQUISITION BY ATON GMBH OF MURRAY & ROBERTS ORDINARY SHARES.INDEPENDENT BOARD OF DIRECTORS OF MURRAY & ROBERTS WILL CONSIDER CONTENTS OF SHARE ACQUISITION ANNOUNCEMENT BY ATON.INDEPENDENT BOARD WILL PROVIDE ITS PERSPECTIVES ONCE MATTERS CONTAINED IN ANNOUNCEMENT ARE CONFIRMED BY ATON.BOARD NOTES INCREASED OFFER PRICE STILL BELOW LOW END OF INDEPENDENT BOARD'S FAIR VALUE RANGE OF R20.00 TO R22.00 PER SHARE.  Full Article

Aton Says Acquired 18.2 Million Shares Of Murray & Roberts
Friday, 25 May 2018 

May 25 (Reuters) - ATON::ATON- ON MAY 23, CO ACQUIRED 18.2 MILLION SHARES FOR AVERAGE PRICE OF R16.99 PER SHARE AND MAXIMUM CONSIDERATION OF R17.00 PER M&R SHARE.ATON- CO WILL HOLD 194.3 MILLION SHARES IN M&R, REPRESENTING ABOUT 43.7% OF ENTIRE ISSUED SHARE CAPITAL OF M&R, ABOUT 43.94% OF VOTING RIGHTS OF M&R.ATON- AS A RESULT OF SUCH ACQUISITION, CO IS REQUIRED TO INCREASE OFFER CONSIDERATION FOR ITS OFFER TO ZAR17.00 PER M&R SHARE.  Full Article

ATON Says Will Not Support Murray & Robert's Proposed Deal With Aveng
Friday, 18 May 2018 

May 18 (Reuters) - ATON GmbH :ATON GMBH - HAS NOTED MURRAY & ROBERT'S ANNOUNCEMENT TODAY REGARDING ITS POTENTIAL COMBINATION WITH AVENG LIMITED.ATON GMBH - "POTENTIAL COMBINATION CLEARLY DEMONSTRATES THAT MURRAY & ROBERT'S MANAGEMENT IS PUTTING ITS INTERESTS AHEAD OF THOSE OF SHAREHOLDERS & OTHER STAKEHOLDERS".ATON - "ANNOUNCEMENT REFLECTS AN UNDERDEVELOPED AND RUSHED OUTLINE OF A POTENTIAL TRANSACTION WITH A SPECULATIVE RATIONALE".ATON - HAS NOT HAD ANY ENGAGEMENT WITH EITHER M&R OR AVENG ON THE TRANSACTION.ATON - "AVENG TRANSACTION WOULD IMPOSE SIGNIFICANT AND UNPREDICTABLE RISK TO M&R".ATON - "M&R ARE UNABLE OR ARE UNWILLING TO DISCLOSE POSSIBLE IMPACT OF AVENG TRANSACTION".ATON- "THERE IS NO BASIS FOR PROPOSED GENERAL MEETING IN RELATION TO POTENTIAL TRANSACTION AT THIS STAGE NEITHER WILL PROPOSED TRANSACTION BE SUPPORTED BY ATON".  Full Article

Murray & Roberts Says Competition Commission Issued Directive Requiring Co To Submit Separate Merger Notification In Relation To Aton Offer
Wednesday, 9 May 2018 

May 9 (Reuters) - Murray & Roberts Holdings Ltd ::UPDATE ANNOUNCEMENT REGARDING MERGER NOTIFICATION REQUIRED IN RESPECT OF CONDITIONAL OFFER BY ATON GMBH.COMPETITION COMMISSION HAS NOW ISSUED A DIRECTIVE REQUIRING CO TO SUBMIT ITS SEPARATE MERGER NOTIFICATION IN RELATION TO ATON OFFER.INTENDS TO ABIDE BY DIRECTIVE AND SUBMIT ITS MERGER NOTIFICATION BY NO LATER THAN DEADLINE PRESCRIBED BY COMMISSION.SHAREHOLDERS ARE REMINDED THEY WILL ONLY KNOW WHETHER ATON HAS RECEIVED REQUISITE NUMBER OF ACCEPTANCES ON JUNE 14 UNLESS EXTENDED.  Full Article

Murray & Roberts Says Resolved To Close Business In Middle East​
Monday, 12 Mar 2018 

March 12 (Reuters) - Murray & Roberts Holdings Ltd ::‍COMPANY RESOLVED TO CLOSE BUSINESS IN MIDDLE EAST​."‍NO FURTHER MATERIAL PROJECT LOSSES ARE ENVISAGED"​."‍COSTS DURING FY2018 SHOULD BE LIMITED TO SIGNIFICANTLY REDUCED OVERHEAD COST AND LEGAL FEES ON DUBAI AIRPORT DISPUTE"​.DUBAI AIRPORT DISPUTE AWARD ANTICIPATED IN EARLY NOV. 2018​.‍CONSIDERING MURRAY & ROBERTS' CURRENT SHARE PRICE, MERITS SUPPORTING A SHARE REPURCHASE PROGRAMME REMAIN INTACT​.  Full Article

Murray & Roberts Says HY ‍Diluted Continuing HEPS Increased By 104%
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Murray & Roberts Holdings Ltd ::HY ‍DILUTED CONTINUING HEPS, INCREASED BY 104% TO 55 CENTS​.‍HY REVENUE FROM CONTINUING OPERATIONS, INCREASED BY 10% TO R11,8 BILLION​.HY ‍ATTRIBUTABLE EARNINGS INCREASED BY 283% TO R110 MILLION​.HY ORDER BOOK FOR CONTINUING OPERATIONS DECLINED BY 10% TO R22,1 BILLION​.‍GROUP IS "EXPERIENCING IMPROVED TRADING CONDITIONS" IN UNDERGROUND MINING PLATFORM​.‍WILL CONSIDER A FULL-YEAR DIVIDEND POST YEAR-END WITH A COVER OF BETWEEN THREE AND FOUR TIMES EARNINGS​.SAYS "‍CURRENT MARKET OUTLOOK FOR OIL & GAS AND POWER & WATER PLATFORMS REMAINS CHALLENGING​".‍GROUP CONTINUES TO FOCUS ON COST REDUCTION AND OPERATIONAL EXCELLENCE TO MAINTAIN AND IMPROVE MARGINS​.‍GROUP IS EXPERIENCING IMPROVED TRADING CONDITIONS IN UNDERGROUND MINING PLATFORM.‍EARNINGS GROWTH FROM IN OIL & GAS PLATFORM​ PROJECT SERVICES TO AUSTRALASIAN OIL AND GAS MARKET IS ONLY EXPECTED IN MEDIUM TERM.  Full Article

Deals of the day-Mergers and acquisitions

June 19 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: