• Submit news
  • Advertise & rates
  • Contact us

Subscribe to industry newsletters


Press offices

Enquire about a press office
Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Advertise with us
Advertise & RatesMy Account
Company press officeList company
Recruitment packagesSubmit job ad
Download ratecard
Marketing & Media news

MDM Engineering Group to merge with Sedgman

3 Dec 2012 15:23
South African company MDM Engineering Group Limited announced in a statement that it has entered into a merger implementation agreement with ASX-listed Sedgman Limited under which Sedgman's BVI subsidiary will acquire all of the ordinary shares in MDM, subject to MDM shareholder approval by greater than 75% of the votes cast and certain other conditions, Mineweb reports.
Under the terms of the Merger, MDM shareholders will be offered £1.81 cash for each MDM share they hold. Certain key shareholders will be offered a combination of 70% cash consideration and 30% of their consideration in Sedgman shares. MDM Board directors recommended to the MDM shareholders that, in the absence of a superior proposal, they vote in favour of the merger. According to Mineweb, MDM shareholders have subsequently agreed to vote in favour of the merger.

Read the full article on www.mineweb.com.
    
 
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.