ATON ‘open to engage’ with M&R board as it ups offer to R17 a share

German investment company ATON has increased its offer price to Murray & Roberts (M&R) shareholders to R17 a share from R15 previously and the family-owned group has also confirmed that it will convert its voluntary offer to a mandatory one. ATON’s announcement follows a two-day hearing of the Takeover Special Committee (TSC), which was convened to adjudicate respective complaints by ATON and M&R’s independent board.