News: CSR UPDATE 1-Australia's CSR gets $2.8 bln takeover offer from Saint-Gobain

(Updates with offer details in paragraph 2, company comments in paragraphs 3 and 4)

Feb 22 (Reuters) - Australian building materials firm CSR Ltd (CSR) said on Thursday it has received a A$4.30 billion ($2.81 billion) non-binding takeover proposal from French construction materials group Saint-Gobain SGOB.PA .

The offer price of A$9.0 per share is at a premium of 13.2% to CSR's last close of A$7.95. On Wednesday, CSR shares soared up to 17.4% before trading was paused following media report of the takeover offer.

"CSR is currently providing Saint-Gobain with confirmatory due diligence access to progress to a binding transaction at an agreed offer price of A$9.00 per share," the Sydney-based construction materials firm said in a statement.

"Following review of the proposal, the CSR board unanimously resolved to pursue the proposal," it added.

($1 = 1.5284 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))