US-based Oil States International Inc

US-based Oil States International Inc has made a $651 million takeover bid for
mining accommodation firm The MAC Services Group Ltd, which has been backed by the
target's directors.
Sydney-based MAC said its directors unanimously recommended the offer of $3.90 cash
for each of its shares, less any dividends declared or paid by the target after
October 15.
The offer represents a 16.4 per cent premium to MAC's closing share price on
Thursday of $3.35.
MAC directors intended to vote in favour of the takeover in the absence of a better
bid, MAC said in a statement.
MAC's largest shareholder with a 52 per cent interest, the Maloney Family Trust,
intends to vote in favour of the bid, the target said.
"The proposed acquisition would create an international market leader in remote area
mining and accommodation and services with more than 11,000 village and lodge rooms
in Australia and North America," the MAC said.
"MAC is expected to serve as a platform for future growth in Australia for Oil States."
Shares om MAC closed steady at $3.35 on Friday.



------------------------------------------------------------------------------
This email is intended for the use of the addressee only. If you receive this email
in error, please delete it immediately. This email may contain information which is
confidential and/or legally privileged. You must not use or disclose the contents of
this email, or add the sender's email address to any database, list or mailing list
unless you are expressly authorised to do so. The statements or views expressed in
this email are those of the individual sender and are not those of Australian
Associated Press Pty Ltd (AAP). These statements are not binding on AAP, except
where the sender expressly and with authority, states them to be. AAP is unable to
review the contents of all the email on its system. To the extent permitted by law,
AAP disclaims all liability for any loss or damage caused by the contents of this
email. www.aap.com.au