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Brickworks Ltd ( (AU:BKW) ) just unveiled an announcement.
Brickworks Limited and Washington H. Soul Pattinson and Company Limited have successfully implemented their respective share schemes, resulting in the issuance of Topco shares to eligible shareholders. Following the delisting of Brickworks and Soul Patts shares, Topco shares have begun trading on a deferred settlement basis and will transition to normal settlement. This strategic move is expected to enhance the companies’ market positioning and provide shareholders with diversified investment opportunities.
The most recent analyst rating on (AU:BKW) stock is a Hold with a A$34.25 price target. To see the full list of analyst forecasts on Brickworks Ltd stock, see the AU:BKW Stock Forecast page.
More about Brickworks Ltd
Brickworks Limited is Australia’s largest and most trusted brick manufacturer, with a diversified portfolio that includes Building Products in Australia and North America, Industrial Property, and Investments. The company is known for its stability and long-term growth, having paid dividends every year since its ASX listing in 1962. Brickworks also has a significant investment in Soul Patts, a diversified investment house.
Average Trading Volume: 257,641
Technical Sentiment Signal: Buy
Current Market Cap: A$5.05B
Learn more about BKW stock on TipRanks’ Stock Analysis page.