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Brickworks Ltd ( (AU:BKW) ) has issued an announcement.
Brickworks Limited and Washington H. Soul Pattinson and Company Limited have announced that their respective share schemes have been legally approved by the Supreme Court of New South Wales and are now effective. As a result, trading of their shares on the ASX will cease, and Topco Shares will begin trading shortly thereafter. This development marks a significant restructuring for both companies, potentially impacting their market positioning and offering new opportunities for shareholders through the distribution of Topco Shares.
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 Australia, Building Products North America, Industrial Property, and Investments. The company has a strong track record of stability and long-term growth, having paid dividends every year since its ASX listing in 1962. Meanwhile, Washington H. Soul Pattinson and Company Limited, originally an owner and operator of Australian pharmacies, has evolved into an investment house with a diversified portfolio across multiple industries, focusing on long-term capital growth and dividends.
YTD Price Performance: 38.76%
Average Trading Volume: 228,983
Technical Sentiment Signal: Buy
Current Market Cap: A$5.3B
See more data about BKW stock on TipRanks’ Stock Analysis page.