Decmil Group Limited (AU:DCG) has released an update.
Decmil Group Limited has announced a lucrative buyout offer from Macmahon Holdings Limited, proposing an all-cash acquisition of Decmil shares at $0.30 each, representing a significant premium over the current market value. The Decmil Board has unanimously endorsed the offer, advising shareholders to accept the deal which promises immediate, enhanced value. If approved, the acquisition is set to be completed by end of August 2024, with Decmil continuing to operate under its own brand as a subsidiary of Macmahon.
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