Diversified contractor Maca has received a $350 million takeover bid from Thiess.
WA-based Maca provides contract mining, civil and infrastructure and structural and mechanical services to the resources sector in Australia, Brazil and Cambodia.
The bid was at a 28.1% premium to the previous close.
?Thiess approached us with a compelling offer at an attractive price which represents a strong premium to recent trading prices. The Board of Maca believes that Thiess is the right partner for the Maca business, with similar values and a desire to enhance services to our clients, and to carry on the community and charity engagement initiatives of which Maca is so proud,? said Maca Non-Executive Chairman Geoff Baker.