Saint-Gobain in Advanced Talks to Buy CSR in Australia
Provided by
Dow Jones
By Pierre Bertrand
Saint-Gobain is in advanced talks to acquire Australian building materials company CSR for a cash deal of $9.00 Australian dollars ($5.89) a share.
The French building-materials company said that it approached the company with a nonbinding indicative offer and that it was subject to confirmatory due diligence and the entry into binding transaction documents.
The company added that the CSR board has unanimously resolved to pursue the offer.
"Saint-Gobain is currently completing its final confirmatory due diligence. No transaction is assured at this stage," the company said Wednesday.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
February 21, 2024 04:28 ET (09:28 GMT)
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