CIMIC runs Macmahon down but still sees its value

CIMIC has fired another salvo in its off-market takeover battle for Macmahon, warning the service provider’s shareholders that the company’s underlying return on assets has fallen 76% and earnings have been in free fall since 2014, which could negatively impact Macmahon's net cash position.

CIMIC runs Macmahon down but still sees its value CIMIC runs Macmahon down but still sees its value CIMIC runs Macmahon down but still sees its value CIMIC runs Macmahon down but still sees its value CIMIC runs Macmahon down but still sees its value

CIMIC has fired another salvo in its takeover battle for Macmahon.

In a statement released on February 17 CIMIC questioned the validity of the figures Macmahon reported about its net tangible assets and net cash position.

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