Ann: FBR & BKW extend Shareholders Agreement negotiation period, page-510

Hi All
Brick works has just announced an acquistion in the USA of a company that amoungst other things makes bricks
It might be possible that the BKW and FBR deal may have been held up until that acquistion.
just think how good this could be for both FBR and BKW for them to both be able to offer the only robotic fast build housing in the USA
Below is from the BKW release

GLEN-GERY – SPRINGBOARD USALindsay Partridge AM, Managing Director Brickworks Limitedsays, “The acquisition is a significant milestone in the history of ourorganisation. We believe the transaction provides an ideal entry intothe US market, with Glen-Gery having established a leading marketposition in the key North-Eastern region, a reputation for premiumproducts and high exposure to the architectural market.”This springboard into the US provides exposure to a large, attractivemarket with strong demand drivers and offers enormous opportunities toextend our strategic reach. In fact, the US brick market is approximatelythree times larger than the Australian market with annual sales revenueestimated at USD 2.2 billion. At a time when the Australian propertymarket and construction sector are slowing the outlook for residentialand commercial construction activity in the US remains positive.The acquisition provides Brickworks with significant long-termgrowth opportunities. The US brick industry is highly fragmentedwith around 37 manufacturers compared to 5 in Australia. Threetimes larger than the Australian market, the US brick market isa wide-open opportunity, especially with regard to growth andpotential future acquisitions. Watch this space.

fp