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MACA investors on the fence after Thiess secures control

Jenny Wiggins
Jenny WigginsInfrastructure reporter

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MACA shareholders who have not yet accepted a $367 million takeover bid from mining services group Thiess are weighing up whether to remain minority investors in the Perth-based contractor.

Thiess now controls MACA, with its stake rising to 53.12 per cent on Tuesday after it last week declared its acquisition offer of $1.075 per share in cash to be unconditional.

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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/maca-investors-on-the-fence-after-thiess-secures-control-20221004-p5bn2c