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CIMIC blasts takeover target

Backed into a corner by this week’s surprise announcement that takeover quarry Macmahon is in a deal that could give an Indonesian miner up to 50.1% of the mining contractor, CIMIC has come out swinging.

Mining Journal
Mining at Batu Hijau in Indonesia. CIMIC is ramping up its attack on Macmahon.

Mining at Batu Hijau in Indonesia. CIMIC is ramping up its attack on Macmahon.

It really had little choice given its A14.5c a share bid for Macmahon is a final one and cannot be increased during the offer period unless a competing proposal emerges. Macmahon unveiled a heads of...

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