Leading contractor CIMIC has strongly criticised the recent financial and operational performance of takeover target Macmahon Holdings.
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Macmahon knocks back CIMIC takeover offer, believes it undervalues company
Mining contractor Macmahon Holdings has dismissed a takeover bid made for the company by CIMIC Group because “it does not represent fair value”.
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CIMIC unveils takeover offer for Macmahon
Leading mining contractor CIMIC Group has launched an unconditional takeover bid for Perth-based mining services company, Macmahon Holdings.
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Macmahon to take over from Newcrest at Telfer gold mine
Macmahon Holdings will pick up service operations at Telfer gold mine from owner and present operator, Newcrest Mining.
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Ausdrill CFO moves on
Ausdrill’s CFO Jose Martins will make the move over to Macmahon Holdings after five years with the drilling contractor.
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Macmahon to cut 40 jobs
Mining service contractor Macmahon Holdings is set to cut jobs and alter work rosters.
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MacMahon announces $135 million writedown
MacMahon Holdings has announced a $135 million writedown as challenging conditions in the mining market continue to put the strain on contractors.
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Macmahon launches legal action over major contract loss
Mining contractor Macmahon Holdings has announced it is commencing legal proceedings against Glencore after it lost a major works contract earlier this year.
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Phone found in injured driver’s truck
It is understood a mobile phone has been uncovered from the wreck of a haul truck involved in the accident on Fortescue Metals Group’s Christmas Creek site last month where a Macmahon contractor was seriously injured.
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FMG Christmas Creek miner loses leg
A truck driver has had his left leg amputated following an accident on Fortescue Metals Group’s Christmas Creek mine on Monday night.
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Macmahon posts lower earnings as mining slumps
Mining contractor Macmahon Holdings posted a net loss of $29.5 million for the year ending June 30, a loss that is bigger than what it forecast.
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World’s most powerful proven raise drill coming to SA
The world's most powerful proven raise drill package is about to start work in South Australia.
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Macmahon sells construction arm to Leighton, Sembawang: We’ll be back
Leighton Holdings today announced the purchase of ten Macmahon Holdings construction project has been approved by Macmahon shareholders.
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Macmahon urges shareholders to vote in favour of a Leighton purchase
Macmahon Holdings have hit back at construction company Sembawang’s latest effort to purchase its construction business saying the latest proposal is not superior to the Leighton’s deal.
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Sembawang continues its Macmahon buyout plan
Sembawang is at it again, making another offer to purchase the construction arm of Macmahon Holdings.
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Macmahon shareholders to vote on sale
Independent directors of Macmahon have recommended shareholders vote in favour of the proposed sale to Leighton Holdings, concluding they will be better off if the transaction proceeds.
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Macmahon close the door on Sembawang
Contrary to recent public statements, Sembawang has made yet another bid for construction company Macmahon Holdings.
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Macmahon rejects Sembawang – again
The bizarre war of the press release continues today between Macmahon Holdings and Indian based Sembawang.
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Sembawang withdraws offer for Macmahon
Sembawang yesterday withdrew its offer to purchase Macmahon Holding’s construction business, but not before lashing out at Macmahon’s actions.
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Sembawang makes $38m bid for Macmahon construction business
Macmahon Holdings today announced Sembawang Australia had made a revised offer of $38 million to buy its construction business.
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