Michael Finnegan (left) and Jim Walker are looking forward to focusing on Macmahon’s growth opportunities. Photo: Attila Csaszar

M&A deals take surprise twists

The possibility of a takeover bid was a regular topic of discussion at Macmahon Holdings’ board meetings during the past year, especially with renowned hostile bidder CIMIC Group sitting on its share register.

The mining contractor spent a lot of time preparing for this possibility, but admits the final outcome was not what it originally anticipated.

“We were prepared, we had advisers, we had plans, but the final outcome certainly wasn’t what we put on the whiteboard in the very first meeting,” chief executive Michael Finnegan said.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
73rdMacmahon Holdings158%-6%
82ndNRW Holdings141%-6%
337thVietnam Industrial Investments15%27%
726 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


17th↓NRW Holdings$370.3m
18th↓Macmahon Holdings$366.5m
20th↓Vietnam Industrial Investments$315.5m
233 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Macmahon Holdings

776thJim Walker$178k
626thEva Skira$98k
1064thVyril Vella$98k
Ranked by total remuneration from all listed WA companies

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