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French building giant lobs $4.3b bid for CSR

Kanika SoodCo-editor, Street Talk
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French building materials giant Saint-Gobain has confirmed it is seeking to buy ASX-listed CSR Limited at $9 a share, in a deal that values the Australian company at $4.3 billion.

Saint-Gobain’s offer is non-binding and indicative at this stage, but it has succeeded in securing due diligence from CSR’s board with the $9 a share offer. The French has structured the proposal as a scheme of arrangement.

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Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
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    Original URL: https://www.afr.com/companies/manufacturing/french-building-materials-giant-saint-gobain-lobs-4-3b-bid-for-csr-20240221-p5f6tx