M&R shares increases on news of U.S TNT acquisition

Posted by - March 26, 2019

Murray & Roberts (M&R), which is facing an aggressive takeover bid by German company Aton, recently revealed that it had acquired US-based Terra Nova Technologies (TNT) for R552million. M&R’s share price rose sharply after the deal was announced and was trading 3.7 percent higher at R13.32 on the JSE by 2.10pm yesterday before closing at