Advertise your job vacancies

Subscribe & Follow

Interviews

Jobs

Senior Full Stack Engineer Johannesburg
PR & Business Development Executive Johannesburg
Accountant: Digital Advertising Cape Town
Lecturer & Module Coordinator in Computer Literacy & Design Centurion
Technical Manager Johannesburg
Senior Data Engineer Johannesburg
Claude Code AI Data Engineer Johannesburg
Senior Data Engineer Johannesburg
BI Developer Cape Town
Technical Solution Analyst Cape Town

MDM Engineering Group to merge with Sedgman

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.

3 Dec 2012

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.