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AUSTRALIA'S MACMAHON PLANS AFRICA FORAY WITH OR WITHOUT AUSDRILL.
MELBOURNE, June 2 Asia Pulse - Australian mining and construction contractor Macmahon Holdings Ltd (ASX:MAH) says it will move into the market in Africa whether or not it takes over Ausdrill Ltd (ASX:ASL).
Macmahon last week launched a A$442 million (US$421.8 million) scrip offer for drilling services firm Ausdrill, which the target says is "inadequate and opportunistic".
Macmahon chief executive Nick Bowen said Macmahon did not need to acquire Ausdrill but one of Ausdrill's attractions was its business in Africa.
"An attraction of Ausdrill is, obviously, their business in Africa. We think that Africa has got a lot of business opportunities there," Mr ...
- AUSDRILL ATTRIBUTES SHARE PRICE VOLATILITY TO HEDGE FUNDS.
- News wire article from: AsiaPulse News September 12, 2008 700+ words
...was 1.45 shares for each Ausdrill share. Macmahon is capitalised...973.44 million, while Ausdrill is capped at around A$292...Western Australia-based Ausdrill is also in the mining services...are in Australia, the UK and Africa. (AAP) 12-09 0947
- AUSDRILL FOUNDER SAYS HIS FIRM WILL ONLY ACCEPT CASH OFFERS.
- News wire article from: AsiaPulse News July 17, 2008 700+ words
...contract on its books, which Ausdrill hoped would be extended to...of play." Mr Sayers said Ausdrill was confident it would overtake...two other competitors in West Africa, a South African firm that...lower at A$1.61, while Ausdrill's shares finished seven cents...
- MINING SERVICES CO AUSDRILL LIFTS FULL YR PROFIT TO US$31 MLN.(Financial report)
- News wire article from: AsiaPulse News August 22, 2008 700+ words
...conditions. Mr O'Connor said Ausdrill expected to maintain strong margins...into the company's earnings. "Ausdrill is in its best ever financial...performances in both Australia and Africa. "Ausdrill is well placed to capitalise on...
- AUSTRALIA'S MACMAHON EXTENDS AUSDRILL OFFER.
- News wire article from: AsiaPulse News July 10, 2008 700+ words
...and opportunistic" bid. "Ausdrill has continued to trade above...statement. Macmahon is targeting Ausdrill to gain a greater foothold in Africa and create a diversified mining...1.4 billion. Shares in Ausdrill dropped three cent to close...
- AUSTRALIA'S MACMAHON LIFTS TAKEOVER OFFER FOR AUSDRILL.
- News wire article from: AsiaPulse News August 20, 2008 700+ words
...blasting and drilling contractor Ausdrill Ltd (ASX:ASL). Macmahon...Macmahon said the acquisition of Ausdrill would make it one of the largest...increased geographic reach through Ausdrill's African operations...contract mining presence in Africa." (AAP) 20-08 0945
- AUSTRALIA'S MACMAHON SAYS AUSDRILL OFFER WON'T BE EXTENDED.
- News wire article from: AsiaPulse News September 10, 2008 700+ words
...45 of its shares for each Ausdrill share previously. The sweetened...1.82 at 1601 AEST today. Ausdrill's market capitalisation is...million. Macmahon is targeting Ausdrill to gain a greater foothold in Africa. (AAP) 10-09 1650
- SHAREHOLDERS OF AUSTRALIA'S BRANDRILL OKAY AUSDRILL MERGER.
- News wire article from: AsiaPulse News November 26, 2009 700+ words
...fellow Australian drilling company Ausdrill Ltd (ASX:ASL) but the tie...December," Brandrill said. Africa-focused Ausdrill has offered one of its shares...and if successful, will give Ausdrill exposure to the coal market...
- AUSDRILL SAYS FEW SHAREHOLDERS HAVE ACCEPTED MACMAHON'S OFFER.
- News wire article from: AsiaPulse News June 20, 2008 700+ words
...International mining services group Ausdrill Ltd (ASX:ASL) says less than one...offering 1.45 of its own shares for each Ausdrill share, which valued the target at...hostile bid was launched on May 21. Ausdrill directors, who control 15.25 per cent...
Source: HighBeam Research, AUSTRALIA'S MACMAHON PLANS AFRICA FORAY WITH OR WITHOUT AUSDRILL.