Murray & Roberts Holdings Ltd (MURJ.J)
18 May 2018
JOHANNESBURG German investment house ATON has raised its stake in South African builder Murray & Roberts to nearly 40 percent, it said on Tuesday.
* M&R biggest shareholder ATON will not support deal (Adds shareholder ATON saying does not support proposed deal)
* Merger to create multinational engineering and construction group
May 9 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
JOHANNESBURG, May 9 German investor ATON and takeover target Murray & Roberts (M&R) are each seeking to file separate merger notifications to South Africa's Competition Commission - a procedure typically used in hostile takeover situations.
JOHANNESBURG, April 17 Africa's biggest pension fund Public Investment Corporation (PIC) has increased its stake in Murray & Roberts to 20 percent after opposing a takeover offer for the South African engineering group.
April 16 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Shire, the London-listed rare diseases specialist that is a potential takeover target for Japan's Takeda Pharmaceutical, is selling its oncology business to unlisted French drugmaker Servier for $2.4 billion. ** Pebblebrook Hotel Trust has sweetened its $3 billion-plus offer to buy U.S. peer LaSalle Hotel Properties after the owner of high-end locations including 'W' Los Angeles s
JOHANNESBURG, April 16 South Africa's Public Investment Corporation, the second biggest shareholder in Murray & Roberts (M&R), said on Monday it had rejected an offer by Germany's ATON to acquire the engineering and construction firm.
JOHANNESBURG, April 16 South Africa's Public Investment Corporation, the second biggest shareholder in Murray & Roberts (M&R), has rejected an offer by Germany's Aton to buy the construction firm's shares.
* ATON believes the offer is "significant and attractive" (Adds ATON comments)