CIMIC swings

BACKED into a corner by the surprise announcement on Wednesday that Macmahon is in a deal that could give an Indonesian miner up to a 50.1% stake in the mining contractor, CIMIC has come out swinging.

CIMIC swings CIMIC swings CIMIC swings CIMIC swings CIMIC swings

CIMIC has come out swinging in response to Macmahon's Indonesia proposal.

It really had little choice given its 14.5c a share bid for Macmahon is a final one and cannot be increased during the offer period unless a competing proposal emerges.

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