18/10/2007 - 11:17

Macmahon joins S&P/ASX 200 following Multiplex takeover

18/10/2007 - 11:17

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A week after joining Standard & Poor's All Australian 200 index, East Perth-based Macmahon Holdings Ltd will join the S&P/ASX 200 after Multiplex Group is removed from its indices, following its takeover by Brookfield BidCo Pty Ltd.

Macmahon joins S&P/ASX 200 following Multiplex takeover

A week after joining Standard & Poor's All Australian 200 index, East Perth-based Macmahon Holdings Ltd will join the S&P/ASX 200 after Multiplex Group is removed from its indices, following its takeover by Brookfield BidCo Pty Ltd.

The planned removal of the company, scheduled to take place after the close of business on October 24, will also create a place in the S&P/ASX 100, which will be filled by David Jones Ltd, and the S&P/ASX All Australian 200, to be filled by Nexus Energy Ltd.


 

The full text of a S&P announcement is pasted below

SYDNEY, Oct. 17, 2007 -- Standard & Poor's Index Services Australia today announced that it will remove Multiplex Group (ASX: MXG) from the S&P/ASX indices, after Brookfield BidCo (Australia) Pty Ltd acquired 70% of shareholder acceptances, and declared the offer unconditional. Multiplex Group will be removed from the S&P/ASX indices after the close of business on Oct. 24, 2007.

David Jones Ltd. (ASX: DJS) will replace Multiplex Group in the S&P/ASX 100. Macmahon Holdings Ltd. (ASX: MAH) will fill the vacancy created by the removal of Multiplex Group from the S&P/ASX 200. Nexus Energy Ltd. (ASX: NXS) will replace Multiplex Group in the S&P/ASX All Australian 200. These changes are scheduled to become effective after the close of trading on Oct. 24, 2007.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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