Macmahon Holdings Limited (AU:MAH) has released an update.
Macmahon Holdings Limited has proposed to acquire all shares of Decmil Group Limited at a significant premium, offering a cash price of $0.30 per ordinary share and $0.343 per redeemable convertible preference share. The Decmil Board unanimously supports the acquisition, which promises shareholders immediate and certain value, with the deal expected to close by the end of August 2024. The arrangement also includes plans for Decmil to operate as a wholly owned subsidiary under its existing brand post-acquisition.
For further insights into AU:MAH stock, check out TipRanks’ Stock Analysis page.
