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Brickworks and Soul Pattinson to Form New ASX-Listed Entity

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Brickworks and Soul Pattinson to Form New ASX-Listed Entity

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Washington H. Soul Pattinson and Co. ( (AU:SOL) ) has provided an announcement.

Brickworks Limited, in collaboration with Washington H. Soul Pattinson and Company Limited, is set to form a new ASX-listed entity, First Services Company Ltd, through a combination of inter-conditional schemes of arrangement. The Supreme Court of New South Wales has approved the convening of a shareholder meeting to vote on the proposed scheme, with a Combination Booklet detailing the scheme and an Independent Expert’s Report indicating the scheme is fair and reasonable. Shareholders are encouraged to review the materials and vote, with the scheme’s implementation contingent on receiving requisite approvals.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

More about Washington H. Soul Pattinson and Co.

Average Trading Volume: 532,288

Technical Sentiment Signal: Buy

Current Market Cap: A$14.93B

For detailed information about SOL stock, go to TipRanks’ Stock Analysis page.

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