Brief: Adbri Says Scheme Of Arrangement Acquisition Proposal From CRH & Barro

Adbri

18/12/2023 01:11

Dec 18 (Reuters) - Adbri Ltd  ABC.AX :
    * SCHEME OF ARRANGEMENT ACQUISITION PROPOSAL FROM CRH &
BARRO
    * ENTERED INTO A PROCESS AND EXCLUSIVITY DEED WITH CRH AND
BARRO
GROUP IN ORDER TO PROGRESS A POTENTIAL TRANSACTION
    * RECEIVED A NON-BINDING INDICATIVE PROPOSAL FROM CRH AND
BARRO
GROUP AT A PRICE OF A$3.20 CASH PER SHARE
    * INTENTION OF INDEPENDENT BOARD COMMITTEE IS TO UNANIMOUSLY
RECOMMEND PROPOSAL, IN ABSENCE OF A SUPERIOR PROPOSAL
    * PROPOSAL IMPLIES AN EQUITY VALUATION OF APPROXIMATELY
A$2.1
BILLION FOR ADBRI

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