Adbri Limited (ASX: ABC) has received a non-binding indicative proposal from CRH ANZ Pty Ltd and Barro Group Pty Ltd to acquire the remaining 100% of its issued shares through a scheme of arrangement. The proposal offers Adbri shareholders, excluding Barro Group, a cash consideration of AU$3.20 per share, representing a 41% premium to the last closing price. Adbri has entered into a process and exclusivity deed with CRH and Barro Group, expressing their commitment to advancing the potential transaction exclusively.
The Barro Group currently holds 42.7% of Adbri's issued capital, and CRH's interest includes a 4.6% stake via a cash-settled derivative. The Independent Board Committee intends to recommend the proposal, subject to conditions like a binding Scheme Implementation Agreement and regulatory approvals. The success of the transaction hinges on these factors and an independent expert's ongoing endorsement of the arrangement's fairness and benefits to Adbri shareholders.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
