(Adds more details on deal from paragraph 2)
Dec 18 (Reuters) -
Australian construction materials firm Adbri (ABC) said on Monday it is in exclusive talks with CRH CRH.N and the Barro Group Pty Ltd for the two companies to buy shares that Barro does not already own, in a deal worth about A$2.1 billion ($1.41 billion).
CRH, a building materials solutions provider, and Barro, a concrete supplier, have offered A$3.20 per share - a 41% premium to the company's last closing price on Dec. 15.
The deal is subject to various court and regulatory approvals, including from Foreign Investment Review Board.
Both CRH and the Barro Group did not immediately respond to Reuters' requests for comment.
($1 = 1.4937 Australian dollars)
News: ABC UPDATE 1-Australia's Adbri receives $1.4 billion offer from Barro Group and CRH
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Last
$3.17 |
Change
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Mkt cap ! $2.073B | |||
| Open | High | Low | Value | Volume |
| $3.16 | $3.17 | $3.16 | $3.935M | 1.244M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1532158 | $3.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 346565 | 21 |
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Last
$3.16 |
Change
0.010 ( 0.18 %) |
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| Open | High | Low | Volume | ||
| $3.17 | $3.17 | $3.16 | 319549 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
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