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Battle lines drawn as PIC increases stake in M&R amidst hostile takeover bid

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Image source: [[www.murrob.com]]</span>NEWSWATCH: After rejecting Aton's buyout offer of R15 ($1.3) per Murray & Roberts' ordinary share, second biggest shareholder in the engineering and construction firm Public Investment Corporation (PIC) has upped its stake from 15.34% to 20.16%.
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