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MACA knocks back NRW approach

NRW Holdings has confirmed it proposed a cash and scrip merger with MACA, though its target is sticking with an earlier offer made by Thiess.

Kristie Batten, Noel Dyson
NRW CEO Jules Pemberton

NRW CEO Jules Pemberton

Last month, MACA agreed to a A$356.3 million, or $1.025 per share, takeover by Thiess. Following media reports yesterday, rival contractor NRW confirmed it had approached MACA on August 11 with a $375...

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