PKB - CRH Acquisition Cleared for Takeoff: A$2.1B Deal Bolsters Australia Presence | Benzinga
CRH plc (NYSE:CRH) shares are trading lower on Friday. The company disclosed that Adbri’s independent shareholders had approved the Scheme of Arrangement for CRH and the Barro Group to acquire Adbri Ltd.
The approval was granted at the Scheme Meeting on June 12, 2024, and received Court approval on June 14, 2024.
Under the approved Scheme, CRH will purchase the remaining 57% of Adbri’s ordinary shares not held by Barro for A$3.20 per share in cash.
In December 2023, the company, along with the Barro Group, disclosed a deal to ...