South African construction firm Murray & Roberts rejects ‘opportunistic’ buyout offer
South African engineering and construction company Murray & Roberts (M&R) has rejected a buyout offer from Germany’s ATON GmbH, labelling the approximately US$600 million offer ‘opportunistic’. ATON is already a significant shareholder in M&R, owning a third of the business, and offered to buy the rest of M&R’s shares from shareholders at a cash offer…