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CIMIC appeals to the umpire

WITH the clock ticking on its takeover bid for Macmahon, CIMIC has asked the Takeovers Panel to reverse any on-market purchases of Macmahon shares made since Macmahon released its target statement.

Noel Dyson
CIMIC has appealed to the umpire over some Macmahon statements.

CIMIC has appealed to the umpire over some Macmahon statements.

For those who came in late CIMIC launched a 14.5c a share bid for Macmahon on January 24. That offer closes on March 9. Macmahon said CIMIC’s “inadequate and opportunistic” bid was too low. The mining...

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