CRH And Barro Group's A$2.1B Acquisition Of Adbri Receives Court And Shareholder Approval
Portfolio Pulse from Benzinga Newsdesk
CRH and Barro Group's A$2.1 billion acquisition of Adbri has received court and shareholder approval. CRH will acquire the remaining 57% of Adbri shares for A$3.20 per share, with completion expected by July 1, 2024.
June 14, 2024 | 7:31 am
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CRH's acquisition of the remaining 57% of Adbri shares for A$3.20 each has received court and shareholder approval. The transaction is valued at A$2.1 billion and is expected to complete by July 1, 2024.
The acquisition approval is a significant milestone for CRH, likely to positively impact its stock price in the short term as it consolidates its ownership of Adbri. The completion of the transaction by July 1, 2024, provides a clear timeline for investors.
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