French building materials giant Saint-Gobain has received approval from Australia’s Foreign Investment Review Board for its $4.3 billion takeover bid of CSR.
The board of CSR agreed to the $9-per-share bid from Saint-Gobain in late February and shareholders will vote on the proposal at a scheme meeting scheduled for Thursday.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
