Decmil Group Limited (AU:DCG) has released an update.
ASIC has approved Decmil’s Scheme Booklet for the acquisition by Macmahon, offering significant premiums of 76.5% and 81.8% over recent Decmil Share prices. Decmil Directors recommend shareholders accept the offer in the absence of a better one, as the independent report deems it fair. Shareholders are set to vote on the acquisition proposal at meetings scheduled for 31 July 2024.
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