Contract miner Thiess is putting the pincer moves on target MACA in a bid to lock out rival NRW Holdings.
Thiess decision to increase its MACA bid by 5¢ to $1.075 was proof - again - that it’s the big cashed up gorilla in the race, and is keen to lock down the high conviction bet in coming weeks.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
