tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Court Approves Soul Patts Shareholder Meeting for Brickworks Merger

Story Highlights
Court Approves Soul Patts Shareholder Meeting for Brickworks Merger

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Washington H. Soul Pattinson and Co. ( (AU:SOL) ).

Washington H. Soul Pattinson and Company Limited announced that the Supreme Court of New South Wales has approved the convening of a shareholder meeting to vote on the proposed merger with Brickworks. This merger, if approved, will result in SOL Shareholders receiving one Topco Share for every SOL Share they hold. The company’s board unanimously recommends the merger, highlighting its potential benefits, and the meeting is scheduled for 10 September 2025. The release of the Combination Booklet, which includes the Independent Expert’s Report, is a crucial step in informing shareholders before the vote. This merger is expected to impact the company’s operations and industry positioning by potentially enhancing its market presence and investment portfolio.

The most recent analyst rating on (AU:SOL) stock is a Buy with a A$36.20 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.

Washington H. Soul Pattinson and Company Limited, known as Soul Patts, is a diversified investment house based in Australia. The company is involved in a variety of industries, focusing on long-term investments across sectors such as telecommunications, resources, building materials, and financial services.

Average Trading Volume: 532,288

Technical Sentiment Signal: Buy

Current Market Cap: A$14.93B

See more insights into SOL stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1