UK's BRCK Group rises after rejecting Atlas Holdings' takeover approach

BRCK

31/03/2026 08:59

** Shares of British construction materials distributor BRCK Group BRCK.L up 28.3% at 52.6p

** Company discloses that it rejected 65p-per-share indicative cash offer from Atlas Holdings on March 23

** Board says proposal "fundamentally undervalued" the group, but Atlas has until April 28 to make a firm offer

** YTD, BRCK stock down about 5.7%

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))