ATON reiterates its view on M&R’s proposed acquisition of Aveng

Investment company ATON, which has made a mandatory offer to buy all the shares in Murray & Roberts (M&R) it does not already own, has once again reiterated it opposition to M&R’s proposed acquisition of Aveng. The company said in a statement on Thursday that the potential Aveng transaction protects Aveng bondholders at the expense of M&R shareholders and that there is no clear strategic benefit for M&R.