Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
An announcement from Brickworks Ltd ( (AU:BKW) ) is now available.
Brickworks Ltd has announced that the Supreme Court of New South Wales has approved a meeting for shareholders to vote on a proposed merger with Washington H. Soul Pattinson and Company Limited. This merger aims to form a new ASX-listed entity, First Services Company Ltd, through inter-conditional schemes of arrangement. The Combination Booklet, which includes an Independent Expert’s Report deeming the merger fair and reasonable, has been registered with ASIC and will be distributed to shareholders. The Brickworks Independent Directors recommend voting in favor of the merger, and if approved, shareholders will receive 0.82 shares of the new entity for each Brickworks share they hold. The merger is expected to impact the company’s operations by creating a newly capitalized entity, potentially enhancing its market positioning and offering benefits to stakeholders.
The most recent analyst rating on (AU:BKW) stock is a Buy with a A$37.50 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 Ltd is a company involved in the construction and building materials industry, primarily focusing on the production and supply of bricks and related products. It operates within the Australian market, providing essential materials for building and construction projects.
YTD Price Performance: 28.51%
Average Trading Volume: 267,546
Technical Sentiment Signal: Buy
Current Market Cap: A$4.97B
Find detailed analytics on BKW stock on TipRanks’ Stock Analysis page.