Thiess urges MACA investors to accept takeover bid

Mining group Thiess has extended its $367 million takeover offer for Perth-based MACA for a second time and said it would drop conditions if more investors accept its bid.

Only about 28 per cent of MACA shares have been tendered into the offer so far, including stock held by the mining services group’s directors and founding shareholders, despite a recommendation from the company’s board.