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Brickworks Ltd ( (AU:BKW) ) has issued an announcement.
Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced the successful funding of their merger into a new ASX-listed entity, Topco. The merger, supported by strong investor demand, secures $1.4 billion in equity funding, which will address Brickworks’ debt and other liabilities, positioning the merged entity for strategic growth and operational efficiency.
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
Soul Patts is an Australian investment house with a diversified portfolio across various industries, focusing on long-term capital growth and dividends. Brickworks is Australia’s largest brick manufacturer, with divisions in building products and industrial property, offering stability and growth to shareholders.
YTD Price Performance: 37.53%
Average Trading Volume: 299,147
Technical Sentiment Signal: Buy
Current Market Cap: A$5.32B
For a thorough assessment of BKW stock, go to TipRanks’ Stock Analysis page.