Multiplex, Mirvac mum on merger Email Print Normal font Large font June 9, 2007
PROPERTY groups Multiplex and Mirvac declined to comment on whether the two were in talks about a possible ownership transaction. Multiplex is already a potential takeover target of Brookfield Asset Management, after Brookfield approached the company in February.
Mirvac and Multiplex representatives had no comment on speculation that Mirvac might be a potential bidder with an offer as high as $5.20 per Multiplex security.
Meanwhile, the Multiplex spokeswoman said discussions in relation to Canada's Brookfield were "ongoing".
Members of the founding Roberts family holding executive positions with Multiplex have stood down while the approach was considered. There is also talk that Mirvac itself may be the target of a takeover approach.
Multiplex stapled securities rose 6c to $5 while Mirvac securities dropped 2c to $5.80.
MXG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
