Ammtec

Campbell Brothers takeover offer for all ordinary shares in metallurgical and minerals testing service firm Ammtec has been declared unconditional.

Campbell Brothers takeover bid for metallurgical and minerals testing service firm Ammtec has crossed the 50 per cent acceptance level.

Perth-based metallurgical testing specialist Ammtec, which has agreed to a conditional takeover by Campbell Brothers, has recorded a $7.2 million after tax profit for the 2010 financial year.

Perth-based metallurgical testing specialist Ammtec has agreed to a conditional takeover after Campbell Brothers made a revised increased offer for the company.

Campbell Brothers has increased its takeover bid for Perth-based metallurgical testing specialist Ammtec to $3.80 per share from $3.35 per share.

CAMPBELL Brothers’ $123 million takeover bid for Perth-based metallurgical testing specialist Ammtec has underlined signs that the mining services sector is gearing up to cash in on the resurgence of Australia’s resources industry.

Ammtec has stepped up its campaign against a takeover bid by Queensland based Campbell Brothers.

Metallurgical and minerals testing consultancy, Ammtec has announced a $7.2 million net profit after tax for the 2010 financial year.

Campbell Brothers has lodged a bidder's statement on behalf of its wholly owned subsidiary Australian Laboratory Services, making an off-market bid to acquire all ordinary shares in metallurgical services operator Ammtec.

Minerals testing company Ammtec's board of directors are set to reject an unsolicited $123 million takeover bid for the company by Campbell Brothers on the grounds the offer is too low and fails to reflect the true value of Ammtec.

Metallurgical testing company Ammtec has raised $11.5 million and plans to raise a further $2 million, as the board declares a final dividend.

Metallurgical testing company Ammtec has revised down its full year profit guidance from $8.7 million to $7 million due to declining demand for its engineering services.

METALLURGICAL testing firm Ammtec Ltd has announced that it does not expect to sell its 68.5 per cent interest in a US company anytime soon after a $29 million deal to offload the interest fell throug

Metallurgical testing firm Ammtec Ltd does not expect to sell its 68 per cent interest in a US company anytime soon as a $29 million deal to offload the interest falls through.

Balcatta-based metallurgical testing firm Ammtec Ltd has decided to offload its majority interest in a US-based company for $29 million as it revises its earnings forecast for fiscal 2009.

Balcatta-based metallurgical and mineral testing equipment supplier Ammtec Ltd has officially taken a majority stake in US-based resin producer Purity Systems Inc, after increasing its shareholding by 20 per cent.

Metallurgical and mineral testing equipment supplier Ammtec Ltd has forecast a marked increase in its profit result for the first half of this financial year.