News: DCG Macmahon Holdings To Acquire Decmil To Expand Civil Business

April 16 (Reuters) - Macmahon Holdings Ltd (MAH) :

• MACMAHON TO ACQUIRE DECMIL TO EXPAND CIVIL BUSINESS
• DECMIL ORDINARY SHAREHOLDERS TO RECEIVE A$0.30 CASH PER SHARE
• IMPLIED ENTERPRISE VALUE FOR DECMIL OF A$127 MILLION
• IMPLIED ENTERPRISE VALUE FOR DECMIL OF A$127 MILLION
• TRANSACTION HAS THE UNANIMOUS SUPPORT OF THE DECMIL BOARD
• ACQUISITION TO BE EARNINGS ACCRETIVE AND ALIGNED WITH MACMAHON'S STRATEGIC FOCUS
• NET DEBT AT END OF FY25 NOT EXPECTED TO INCREASE DUE TO ACQUISITION
• TRANSACTION TO BE FULLY FUNDED FROM EXISTING CASH RESERVES, AMONG OTHERS
• ON COMPLETION OF TRANSACTION MACMAHON INTENDS TO OPERATE DECMIL AS UNIT

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