Independent board urges M&R shareholders to reject Aton offer

An independent board established by Murray & Roberts (M&R) to assess the proposal by German family-owned business Aton to acquire all shares in M&R at R15 a share, has again recommended that M&R shareholders reject the offer. In an announcement on Friday, the M&R independent board reiterated that Aton’s approach was opportunistic and said it was timed to coincide with unprecedented weakness in M&R’s share price.