The MACA Board unanimously RECOMMENDS that MACA shareholders accept the Offer and each MACA director has indicated that they intend to accept the Offer in respect to any MACA shares they own or control, in the absence of a superior proposal and subject to an independent expert concluding, and continuing to conclude, that the Offer is favourable to MACA shareholders. Thiess’ Offer is supported by its shareholders, subsidiaries of CIMIC Group Limited and entities affiliated with or managed by Elliott Investment Management L.P., who have agreed to make equity funding available to Thiess, adding to existing shareholder support. MACA shareholders should refer to the Bidder’s Statement for further information including actions required, how to accept the Offer, the time of the Offer period, and details of Thiess’ funding. The Bidder’s Statement is expected to be sent to MACA shareholders not less than 14 days from today, following which it is expected that Thiess’ Offer will open for acceptances.
MLD Price at posting:
$1.07 Sentiment: Buy Disclosure: Held
