close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

MHM Automation board recommends $151m buyout

NZX-listed technology and manufacturing company backs bid at $1.70 a share, a 87% premium to last closing price.

MHM has received a bid from a US manufacturer

Kate McVicar Fri, 03 Nov 2023

MHM Automation has entered a $151.3 million take over agreement with a US manufacturer. 

The Christchurch-based technology and manufacturing company, formerly known as Mercer Group, reported its intention to be taken over by US-based Bettcher Industries via a scheme of arrangement today.

Bettcher,

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Kate McVicar Fri, 03 Nov 2023
Contact the Writer: kate@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
MHM Automation board recommends $151m buyout
Investment,
101520
true