Feb 26 (Reuters) - Compagnie de Saint Gobain SA SGOB.PA :
- SAINT-GOBAIN SIGNS A DEFINITIVE AGREEMENT TO ACQUIRE CSR LIMITED, ESTABLISHING A LEADING POSITION IN LIGHT AND SUSTAINABLE CONSTRUCTION IN AUSTRALIA
- CLOSING EXPECTED IN THE SECOND HALF OF 2024
- BUSINESS COMBINATION HAS BEEN UNANIMOUSLY APPROVED BY THE BOARD OF DIRECTORS OF SAINT-GOBAIN
- A $9.00 PER SHARE, IN CASH, CORRESPONDING TO AN ENTERPRISE VALUE OF A $4.5 BLN (C. €2.7 BLN) AND A NET ENTERPRISE VALUE OF A $3.2 BLN(C. €1.9 BLN) POST SHORT TO MID-TERM MONETIZABLE PROPERTY VALUE OF AT LEAST A $1.3 BLN
- AGREED UPON PRICE REPRESENTS A PREMIUM OF 33% ABOVE THE VOLUME-WEIGHTED AVERAGE PRICE PER SHARE FOR THE 1-MONTH TRADING ENDED ON THE UNDISTURBED DATE OF FEBRUARY 20, 2024
- BUSINESS COMBINATION HAS BEEN UNANIMOUSLY APPROVED BY THE BOARD OF DIRECTORS OF SAINTGOBAIN. THE BOARD OF DIRECTORS OF CSR HAS UNANIMOUSLY RECOMMENDED THAT ITS SHAREHOLDERS VOTE IN FAVOR OF THE TRANSACTION.
- VALUE CREATION BY YEAR 3 FOLLOWING THE CLOSING OF THE TRANSACTION AND EPS (EARNINGS PER SHARE) ACCRETIVE FROM YEAR 1.
- MAINTAINING A STRONG BALANCE SHEET AND SOLID CREDIT RATING WITH A LIMITED IMPACT OF ABOUT 0.3X NET DEBT / EBITDA
- A $60 MLN EXPECTED SYNERGIES IN YEAR 3 FOLLOWING TRANSACTION CLOSE, OF WHICH A $50 MLN ARE COST SYNERGIES, DELISTING COSTS AND PURCHASING, AND AT LEAST A $10 MLN OF GROWTH SYNERGIES
- Forums
- ASX - By Stock
- News: CSR Saint-Gobain To Acquire CSR Ltd For $9.00 Per Share
Feb 26 (Reuters) - Compagnie de Saint Gobain SA SGOB.PA :...
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CSR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$8.92 |
Change
0.015(0.17%) |
Mkt cap ! $4.248B |
Open | High | Low | Value | Volume |
$8.92 | $8.92 | $8.91 | $304.6K | 34.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 37901 | $8.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.92 | 76873 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 9269 | 8.910 |
9 | 501072 | 8.900 |
12 | 323526 | 8.880 |
6 | 139835 | 8.870 |
11 | 2056283 | 8.860 |
Price($) | Vol. | No. |
---|---|---|
8.920 | 83240 | 10 |
8.930 | 35394 | 8 |
8.940 | 32303 | 6 |
8.950 | 36374 | 8 |
8.960 | 50 | 1 |
Last trade - 10.11am 22/05/2024 (20 minute delay) ? |
|
|||||
Last
$8.93 |
  |
Change
0.015 ( 0.26 %) |
|||
Open | High | Low | Volume | ||
$8.92 | $8.94 | $8.92 | 49907 | ||
Last updated 10.32am 22/05/2024 ? |
Featured News
CSR (ASX) Chart |
The Watchlist
AUQ
ALARA RESOURCES LIMITED
Stephen Gethin, Non-Executive Director & Chairman
Stephen Gethin
Non-Executive Director & Chairman
Previous Video
Next Video
SPONSORED BY The Market Online