Ausdrill MD ups stake in company to 14%
Ausdrill Ltd managing director Ron Sayers has spent $8.1 million boosting his stake in the company over the past two days, as it continues to fend off a takeover bid by Macmahon Holdings Ltd.
According to notices handed into the Australian Securities Exchange this morning, Mr Sayers has purchased nearly 3.2 million ordinary Ausdrill shares on the market at a cost of $8.1 million.
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