Diamond Member Pelican Press 0 Posted June 2, 2025 Diamond Member Share Posted June 2, 2025 This is the hidden content, please Sign In or Sign Up Australia’s Soul Patts to takeover Brickworks in $9 billion merger The Washington H Soul Pattinson logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images *********** investment company Washington H Soul Pattinson will buy out its building products affiliate Brickworks in a deal valuing the latter at A$4.62 billion ($3 billion), the companies said on Monday. The deal would merge the companies, and a new Australia-listed firm would be established with an expected valuation of A$14 billion ($9 billion). Stockholders in Washington H Soul Pattinson would own 72% of the newly formed company. Holders of Brickworks would own 19% while the remainder would be offered to new shareholders. Soul Patts has a 43% shareholding in Brickworks and Brickworks owns 26% of Soul Patts. The new entity has received commitments worth A$550 million in shares, fully underwritten by Aitken Mount Capital. Soul Patts is offering an implied value of A$30.28 for every Brickworks share, a 10.1% premium to the stock’s last close. This is the hidden content, please Sign In or Sign Up #Australias #Soul #Patts #takeover #Brickworks #billion #merger This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/266040-australia%E2%80%99s-soul-patts-to-takeover-brickworks-in-9-billion-merger/ Share on other sites More sharing options...
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