Soul Patts Announces Merger with Brickworks, Impacting Convertible Notes

Washington H. Soul Pattinson and Co. ( (AU:SOL) ) has provided an update.

Washington H. Soul Pattinson and Company Limited announced a binding Combination Deed for a merger with Brickworks Limited, aiming to form a newly capitalized ASX-listed company. This proposed merger, if implemented, would result in a change of control and delisting of ordinary shares, impacting holders of the company’s $450 million Senior Unsecured Convertible Notes. The merger is subject to court and shareholder approvals expected in the second half of 2025, which could significantly alter the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 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 operates in the investment industry, focusing on a diverse portfolio of assets across various sectors, including telecommunications, building materials, and energy. The company is known for its strategic investments and long-term value creation.

Average Trading Volume: 471,870

Technical Sentiment Signal: Buy

Current Market Cap: A$15.82B

For an in-depth examination of SOL stock, go to TipRanks’ Stock Analysis page.