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MACMAHON HOLDINGS LIMITED — M&A Activity 2007
Jul 29, 2007
65291_rns_2007-07-29_9080f034-fbbd-47b7-bfe3-4386ac40cab0.pdf
M&A Activity
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ASX Announcement
29 July 2 007
Approach by Leighton
Macmahon Holdings Limited has been informed by Leighton Holdings Limited that it has acquired a stake representing approximately 4.9% of the issued capital of the company.
Representatives of Macmahon and Leighton have had discussions in relation to an indicative and unsolicited proposal under which Leighton sought to acquire a significant stake in Macmahon by way of a share placement (subject to Macmahon shareholder approval).
Having considered the matter, the Directors of Macmahon have determined not to pursue the proposal any further. The Directors are of the view that the proposal is not, on the basis of the indicative terms presented, in the best interests of Macmahon shareholders.
Macmahon has informed Leighton of its determination.
Macmahon has appointed leading investment bank UBS, in conjunction with Freehills and Azure Capital, to advise it on this matter.
Strati Gregoriadis Company Secretary
Contacts: Ross Carroll Peter Scott Chief Financial Officer UBS Investment Bank Macmahon Holdings Ltd Tel: 03 9242 6273 Tel: 0417 096 478
Theresa Mlikota GM – Corporate Finance & Investor Relations Macmahon Holdings Ltd Tel: 0407 470 859
Macmahon Holdings Ltd ABN 93 007 634 406
Level 3 1 Adelaide Terrace East Perth WA 6004 PO Box 198 Cannington WA 6987 Telephone: (08) 9365 1111 Facsimile: (08) 9365 1199 Web: www.macmahon.com.au Email: [email protected]