October 2022
MACA to disappear from ASX as Thiess takes control
The WA mining services group will be delisted after takeover suitor Thiess secured more than 90 per cent of the shares.
- Jenny Wiggins
September 2022
Thiess goes unconditional on MACA offer
MACA investors have been told that Thiess’s bid is now unconditional despite the mining group failing to get at least half of the Perth-based company’s shares by a self-imposed deadline.
- Updated
- Jenny Wiggins
Big MACA instos hit Thiess bid, rusty retail next
It looks like the retail investor-led resistance at mining services group MACA Ltd is starting to crack.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Why MACA investors are holding out against Thiess
MACA investors opposing a $367 million takeover bid from Thiess are citing lack of clarity on dividends and the rising value of listed contractors.
- Jenny Wiggins
Thiess urges MACA investors to accept takeover bid
Mining group Thiess has extended its $367 million takeover offer for Perth-based MACA for a second time.
- Jenny Wiggins
Thiess ‘failed to pay’ redundancy, lawsuit alleges
Lawyers for a former Thiess tradesman fighting the mining services group in court after his job was terminated say they are seeing more big companies use their complicated corporate structures to weaken pay and conditions.
- Jenny Wiggins
Thiess extends $367m MACA takeover bid
Thiess has given investors holding shares of mining services group MACA until September 26 to accept its offer after receiving foreign investment approvals.
- Jenny Wiggins
August 2022
Thiess tightens grip on MACA
Contract miner Thiess is putting the pincer moves on target MACA in a bid to lock out rival NRW Holdings.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Thiess raises MACA bid, secures 16pc
The mining contractor has lifted its cash takeover offer and secured support from the West Australian company’s founding shareholders.
- Jenny Wiggins
Profit at takeover target MACA triples to $43m
MACA’s CEO said the Western Australian mining services contractor was willing to consider more takeover bids after the company’s annual profit trebled to $43 million.
- Jenny Wiggins
NRW’s well-travelled but difficult road to MACA
NRW Holdings is pushing the proverbial uphill at MACA Ltd.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
Come back with better bid, MACA investors say
MACA investors have urged NRW Holdings to make a firm rival bid for the Perth-based construction group after its indicative takeover approach was knocked back.
- Jenny Wiggins
MACA investors have tough decision on Thiess takeover
Shareholders have a month to decide on a $350 million bid from Thiess, or risk becoming a minority investor in a company controlled by the mining contractor.
- Jenny Wiggins
July 2022
CIMIC’s Thiess snaps up WA contractor MACA
WA construction group MACA has urged shareholders to accept a $350 million takeover bid from foreign-owned mining company Thiess.
- Jenny Wiggins
February 2022
All the profit results for February 21, 2022
Results briefing | News and analysis on today’s profit results from Adairs, Altium, Ampol, BlueScope, Chorus, Cooper Energy, Endeavour, GDI, Hansen, Helloworld, Latitude, Lendlease, Maca, NIB, Nuix, OZ Minerals, Reliance, SelfWealth, Senex, Silver Lake, Sonic Healthcare, Starpharma, Super Retail, Tyro, Viva. Find updated reports and analysis here.
- Andrew Hobbs
December 2020
Maca raising $80m to buy Downer's mining services business
Listed mining contractor Maca is putting the finishing touches on an $80 million capital raising to fund its purchase of Downer EDI's WA mining services arm.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
July 2020
ASX slumps 2pc; Stocks notch up four month winning streak
Australian stocks notched up their fourth consecutive month of gains despite a 2 per cent sell-off on Friday. The S&P/ASX200 rose 0.5 per cent in July. Bank stocks tumbled as 10-year yields fell to the lowest since early April. AMP plunged 12 per cent on a profit warning. Super Retail soared 9 per cent on sales growth.
- Robert Guy, Vesna Poljak, William McInnes, Sarah Turner, Luke Housego and Tom Richardson
November 2017
Debt payment delays could lead to 'liquidity crunch', warns McGrathNicol
Construction and engineering groups are delaying payments to suppliers, raising fears of a cash crunch
- Updated
- Jenny Wiggins
August 2015
Contractors edge back from the brink
As the Australian sharemarket capitulated on Monday in response to global shockwaves, three companies from a most unlikely sector kept their heads above water.
- Updated
- Trevor Hoey
MACA a 'buy' with fresh contract
The mining services company reports financial year 2015 earnings on Monday, August 24.
- Updated
- Elise Shaw