| Mon 30 Sep 2019, 17:37 | | ATON GmbH - ATON mandatory offer to acquire Murray & Roberts to lapse: (ii) the South African Competition Commission's ("Competition Commission") |
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ATON GmbH - ATON mandatory offer to acquire Murray & Roberts to lapse: (ii) the South African Competition Commission's ("Competition Commission")
recommendation, dated Friday, 19 July 2019 ("Recommendation"), to the South
African Competition Tribunal ("Competition Tribunal") that the proposed
merger between ATON and M
(iii) the oppositional stance adopted by the Independent Board during the ongoing
Competition Tribunal proceedings;
(iv) the significant risks associated with each extension of the Long Stop Date,
including the exposure associated with maintaining in place the cash
confirmation that ATON is obliged to submit to the South African Takeover
Regulation Panel in connection with the Offer; and
(v) the extended period of time that has elapsed since the commencement of the
Offer,
ATON has elected not to further extend the Long Stop Date. Accordingly, the Offer
has lapsed in accordance with its terms.
As the Offer has lapsed, it is no longer capable of further acceptance by M
(ii) THE SOLICITATION OF ANY OFFER (INCLUDING THE OFFER) OR INVITATION TO PURCHASE
OR OTHERWISE ACQUIRE, SUBSCRIBE FOR, TENDER, EXCHANGE, SELL OR OTHERWISE DISPOSE
OF ANY SECURITIES; OR (iii) THE SOLICITATION OF ANY VOTE OR APPROVAL IN ANY
JURISDICTION IN RESPECT OF ANY OFFER (INCLUDING THE OFFER) OR OTHERWISE.
THE DISTRIBUTION OF THIS ANNOUNCEMENT IN OR INTO CERTAIN JURISDICTIONS, INCLUDING
(WITHOUT LIMITATION) AUSTRALIA, CANADA, JAPAN AND THE UNITED STATES, (ANY SUCH
JURISDICTION, A "RESTRICTED JURISDICTION") MAY BE RESTRICTED BY THE LAWS OF THOSE
JURISDICTIONS. ACCORDINGLY, COPIES OF THIS ANNOUNCEMENT AND ALL OTHER DOCUMENTS
RELATING TO THE OFFER ARE NOT BEING, AND MUST NOT BE, MAILED OR OTHERWISE
FORWARDED, DISTRIBUTED OR SENT IN, INTO OR FROM ANY RESTRICTED JURISDICTION.
PERSONS RECEIVING SUCH DOCUMENTS (INCLUDING, WITHOUT LIMITATION, NOMINEES,
TRUSTEES AND CUSTODIANS) SHOULD OBSERVE THESE RESTRICTIONS. FAILURE TO DO SO MAY
CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH RESTRICTED JURISDICTION.
Date: 30/09/2019 05:38:00
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