CLO 0.00% $1.46 clough limited

attent: arthur, page-4

  1. 1,035 Posts.
    re: murray & roberts stake ok'd PERTH - Shareholders in contracting group Clough Ltd today
    overwelmingly supported the acquisition of a 29 per cent stake by
    South Africa's Murray & Roberts.
    Under the deal, engineering contruction and manufacturing group
    Murray & Roberts will inject $40.8 million into Cough in exchange
    for 60 million shares.
    It will also acquire a further 60 million shares from the Clough
    family's McRae Investments Pty Ltd.
    Clough CEO David Singleton said the alliance with Murray and
    Roberts would form a linked group with a turnover of almost $3
    billion a year and the ability to deal with multinational companies
    on a global level.

 
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