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Macmahon denies takeover talks

In a statement yesterday, Macmahon said it wished to clarify that it was not in discussion with Bouygues about a possible takeover or merger.However, the company said it is continuing to explore project opportunities with Bouygues and other selected alliance partners.In September, Macmahon’s $500 million drawn-out takeover bid for Africa-focused mining contractor Ausdrill lapsed after it failed to gain enough acceptances.

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