Cimic won't raise Macmahon offer

Spanish-controlled CIMIC Group has stood its ground over its Macmahon Holdings takeover play, telling the market today it would not lift its offer price despite the target entering into a counter-agreement with an Indonesian miner.

Cimic reiterated Macmahon shareholders should accept its 14.5 cents per share takeover offer as soon as possible, as it will not be increasing the cash price or extending the deadline beyond March 9.

“Cimic’s offer price of 14.5 cents in cash per Macmahon share is final and will not be increased in any circumstances during the offer period, including in response to the risky, non-binding, highly conditional Amman Mineral Nusa Tenggara asset proposal,” Cimic said.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
101stNRW Holdings144%3%
115thMacmahon Holdings120%-4%
255thFleetwood Corporation37%-21%
407thUnited Overseas Australia8%15%
585thVietnam Industrial Investments-20%28%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$13k Sold
$21k Bought
$80k Bought
Total value as at the date of the transaction
Source: Morningstar


15th↓United Overseas Australia$425.5m
16th↓NRW Holdings$370.3m
17th↓Macmahon Holdings$366.5m
18th↑Fleetwood Corporation$330.1m
19th-Vietnam Industrial Investments$315.5m
231 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Macmahon Holdings

756thJim Walker$178k
606thEva Skira$98k
1033rdVyril Vella$98k
Ranked by total remuneration from all listed WA companies

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