South African contractor in bid to buy Clough

Group's major shareholder Murray & Roberts makes $1.46 per share offer for 38.4% stake it does not own.

South African contractor Murray & Roberts has made a bid to buy engineering and project services company Clough Ltd, by nabbing the roughly 40% stake in the group it does not already own. 

M&R, which owns 61.6% of Clough, has made a conditional $1.46 per share offer for the remaining stake in the group. Clough's shares closed at $1.12 last night.


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