Tales of a takeover target

Task CEO Daniel Houden's firm is now a takeover target. (Image: BusinessDesk)

Wed, 13 Mar 2024

The first takeover contact came in July.A player in the industry that US firm Bettcher Industries had bought mentioned to MHM Automation's chief executive officer that perhaps it, too, should be on Bettcher’s shopping list. By September, a formal approach came, former MHM Automation chair Trevor Burt said. By November, the New Zealand food processing and packaging equipment manufacturer announced it had been offered $1.70 per share by the US food manufacturing firm, an 86.8% premium on its then trading price. In Decembe...

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