MAH 1.49% 34.0¢ macmahon holdings limited

Ann: CIM: OFFER FOR MAH NOT TO BE EXTENDED OFFER PRICE FINAL, page-10

  1. 949 Posts.
    lightbulb Created with Sketch. 88
    They haven't said anything that wasn't already known, and yet the SP still reacts to the news!

    There is nothing in the announcement that rules out a new CIMIC offer on 10 March.

    It goes to show that the market definitely isn't efficient.
 
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