Breakfast Deals: Clough prospects

The market is signalling success for Murray & Roberts' Clough bid, while Archer Daniels Midland dodges next week's hearing on its GrainCorp bid.

Once financially stretched South African engineer Murray & Roberts has gone from putting its stake in Western Australia’s Clough up for sale to offering to buy minority shareholders out. Elsewhere Archer Daniels Midland continues to feel the heat from political opponents to its GrainCorp push, King & Wood Mallesons lawyers have found a way to the UK after all and BHP Billiton has called off the Gregory Crinum coalmine sale.

Clough, Murray & Roberts

South African engineering group Murray & Roberts has finally decided to take out the rest of Australia’s Clough with an offer valuing the whole company at $1.1 billion.

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