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Thiess' offer for MACA now unconditional

27th September 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Suitor Thiess has declared its takeover offer for MACA to be unconditional.

Thiess has obtained a relevant interest of 44.3% in MACA, with the MACA board continuing to maintain that shareholders should accept the A$1.075-a-share offer in the absence of a superior proposal, and subject to the independent expert continuing to conclude that the offer was in the best interest of shareholders.

“With the offer now unconditional, we encourage MACA shareholders to accept the offer quickly and without delay to ensure they receive their cash consideration in a timely manner,” said Thiess executive chairperson and CEO Michael Wright.

“The offer represents an attractive premium and provides MACA shareholders the opportunity to receive their consideration in cash in a timely manner.”

The takeover offer is scheduled to close on October 7.

With the offer now unconditional, Thiess is able to restart its on-market acquisition of MACA shares.

Edited by Creamer Media Reporter

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