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S.Africa's Murray & Roberts rebuffs ATON takeover bid again

JOHANNESBURG, May 29 (Reuters) - The independent board of South African construction group Murray & Roberts on Tuesday rebuffed the latest takeover bid offer by German investment house ATON, potentially setting the stage for another round of protracted wrangling.

ATON's latest offer of 17 rand a share "remains below the independent board’s guided fair value range of 20.00 rand to 22.00 rand," Murray & Roberts said in a statement.

(Reporting by Ed Stoddard Editing by Tiisetso Motsoeneng)

2018-05-29 14:43:43

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