Shares of MAC Copper Fall After Securing Regulatory Approval For Takeover by Harmony Gold

MT Newswires Live
Aug 19

Shares of MAC Copper (ASX:MAC) fell in recent Tuesday trade after it said in a late Monday Australian bourse filing that Harmony Gold's proposed acquisition had cleared all regulatory hurdles, with final shareholder approval now pending at court and general meetings set for Aug. 29.

The company's shares fell less than 1% in recent Tuesday trade.

Harmony has received clearance from the Australian Federal Treasurer under the Foreign Acquisitions and Takeovers Act 1975, meeting all regulatory conditions for the deal, the filing said.

Shareholders registered by July 29 are eligible to attend and vote at the court and general meetings, the filing added.

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