MMA Offshore Limited (AU:MRM) has released an update.
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MMA Offshore Limited has announced Cyan MMA Holdings Pty Limited’s final offer to acquire all MMA shares at A$2.70 each, valuing the company at A$1.07 billion and representing a significant premium over recent trading prices. Major shareholder TIGA Trading, along with MMA’s Directors, have expressed support for the improved proposal, urging shareholders to vote in favor at the upcoming Scheme Meeting scheduled for 1 July 2024.
For further insights into AU:MRM stock, check out TipRanks’ Stock Analysis page.