MHM Automation board recommends $151m buyout
NZX-listed technology and manufacturing company backs bid at $1.70 a share, a 87% premium to last closing price.
MHM has received a bid from a US manufacturer
MHM Automation has entered a $151.3 million take over agreement with a US manufacturer.
The Christchurch-based technology and manufacturing company, formerly known as Mercer Group, reported its intention to be taken over by US-based Bettcher Industries via a scheme of arrangement today.
Bettcher,
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