Brief: Macmahon Holdings To Acquire Decmil To Expand Civil Business

Decmil

16/04/2024 24:05

April 16 (Reuters) - Macmahon Holdings Ltd  MAH.AX :
    * MACMAHON TO ACQUIRE DECMIL TO EXPAND CIVIL BUSINESS
    * DECMIL ORDINARY SHAREHOLDERS TO RECEIVE A$0.30 CASH PER
SHARE
    * IMPLIED ENTERPRISE VALUE FOR DECMIL OF A$127 MILLION
    * IMPLIED ENTERPRISE VALUE FOR DECMIL OF A$127 MILLION
    * TRANSACTION HAS THE UNANIMOUS SUPPORT OF THE DECMIL BOARD
    * ACQUISITION TO BE EARNINGS ACCRETIVE AND ALIGNED WITH
MACMAHON'S
STRATEGIC FOCUS
    * NET DEBT AT END OF FY25 NOT EXPECTED TO INCREASE DUE TO
ACQUISITION
    * TRANSACTION TO BE FULLY FUNDED FROM EXISTING CASH
RESERVES,
AMONG OTHERS
    * ON COMPLETION OF TRANSACTION MACMAHON INTENDS TO OPERATE
DECMIL
AS UNIT

Further company coverage:  DCG.AX 

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