M&R’s shares rise 50% as Germany’s Aton plans buyout

JSE-listed Murray & Roberts’ (M&R’s) share price rose by more than 50% on Monday morning as it announced that German family owned business Aton plans to buy all shares in the company for R15 apiece. M&R on Monday said Aton, which already holds 33% of M&R’s shares, had informed the group of its intention to open a general offer directly to M&R’s shareholders.