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An update from Washington H. Soul Pattinson and Co. ( (AU:SOL) ) is now available.
Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced that Topco, the new entity formed from their merger, is fully funded with commitments totaling approximately $1.4 billion. This funding will cover Brickworks’ outstanding debt, other liabilities, and transaction costs, marking a significant milestone in the merger process. The successful capitalization reflects strong investor support and positions the merged entity for strategic growth with a simplified balance sheet.
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 (Soul Patts) is an Australian investment house with a diversified portfolio across multiple industries, focusing on long-term capital growth and dividends. Brickworks Limited is Australia’s largest brick manufacturer, with a diversified asset portfolio and a consistent dividend history since its ASX listing in 1962.
YTD Price Performance: 26.05%
Average Trading Volume: 597,860
Technical Sentiment Signal: Buy
Current Market Cap: A$15.67B
Learn more about SOL stock on TipRanks’ Stock Analysis page.