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
Brickworks Ltd ( (AU:BKW) ) has shared an announcement.
Brickworks Ltd has announced that the Supreme Court of New South Wales has approved the convening of a shareholder meeting to vote on a proposed combination with Washington H. Soul Pattinson and Company Limited. This merger aims to create a newly capitalized ASX-listed entity, First Services Company Ltd, through inter-conditional schemes of arrangement. The court has also approved the distribution of a Combination Booklet, which includes an Independent Expert’s Report concluding that the merger is fair and reasonable. The Brickworks Independent Directors recommend shareholders vote in favor of the scheme, which, if approved, will result in shareholders receiving 0.82 shares of the new company for each Brickworks share held.
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 materials industry, primarily focusing on the production and supply of building products. The company is known for its market presence in the construction sector, providing essential materials for building and infrastructure projects.
Average Trading Volume: 268,168
Technical Sentiment Signal: Buy
Current Market Cap: A$5B
For detailed information about BKW stock, go to TipRanks’ Stock Analysis page.