ABC adbri limited
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News: ABC Adbri Says Scheme Of Arrangement Acquisition Proposal From CRH & Barro

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    18/12/23
    12:15
    Post #: 71504752

    Dec 18 (Reuters) - Adbri Ltd (ABC) :

    • SCHEME OF ARRANGEMENT ACQUISITION PROPOSAL FROM CRH & BARRO
    • ENTERED INTO A PROCESS AND EXCLUSIVITY DEED WITH CRH AND BARRO GROUP IN ORDER TO PROGRESS A POTENTIAL TRANSACTION
    • RECEIVED A NON-BINDING INDICATIVE PROPOSAL FROM CRH AND BARRO GROUP AT A PRICE OF A$3.20 CASH PER SHARE
    • INTENTION OF INDEPENDENT BOARD COMMITTEE IS TO UNANIMOUSLY RECOMMEND PROPOSAL, IN ABSENCE OF A SUPERIOR PROPOSAL
    • PROPOSAL IMPLIES AN EQUITY VALUATION OF APPROXIMATELY A$2.1 BILLION FOR ADBRI
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