Macmahon in trading halt
Updated
Mining services group Macmahon is in a trading halt ahead of an announcement about a proposed deal with Indonesian miner Amman Mineral Nusa Tenggara.
Macmahon is subject to a hostile takeover bid by construction giant CIMIC but announced in March that it had formed a heads of agreement with AMNT for a long- term mining contract in Indonesia that it believed was better for its shareholders.
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AAP
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