MHM Automation has received a 'no objection' statement from the Takeovers Panel regarding a scheme of arrangement for the acquisition of all its shares by Bettcher Industries.

MHM will now seek final orders approving the scheme from the High Court.

The implementation of the scheme is expected to take place in early March 2024, pending receipt of the final orders.

Shareholders have been advised that no action is required at this stage.

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