Australia's Adbri eyes best month ever on $1.4 bln takeover offer

Adbri

29/12/2023 03:44

** Shares of Adbri Ltd  ABC.AX  have risen 47.3% for the
month, on track for its biggest monthly pct gain ever
    ** Co received takeover offer from Barro Group and CRH
 CRH.N  to acquire all remaining shares of ABC that Barro does
not already own, earlier in December
    ** Co says deal worth about A$2.1 bln ($1.44 bln)
    ** On Dec. 18, ABC rose as much as 33.9% to A$3.040, best
day since Dec. 16, 2003 
    ** Stock up ~82% YTD so far this year


    


($1 = 1.4633 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))