MAH 0.00% 28.5¢ macmahon holdings limited

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

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    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

    (([email protected];))

 
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