CSR Limited (ASX: $CSR) has confirmed the legal effectiveness of the scheme of arrangement for its acquisition by Compagnie de Saint-Gobain for $9.00 cash per share. The trading of CSR shares on the ASX is expected to be suspended from the close of trading today.
The scheme of arrangement becoming legally effective marks a significant milestone for CSR Limited. We are pleased to have reached this stage and look forward to the completion of the acquisition by Compagnie de Saint-Gobain. The transaction consideration of $9.00 cash per share reflects the value we have delivered to our shareholders through this process.
CSR Limited has confirmed the legal effectiveness of the scheme of arrangement for its acquisition by Compagnie de Saint-Gobain. The transaction consideration of $9.00 cash per share, comprising the scheme consideration of $8.88 cash per share and the CSR permitted dividend of $0.12 cash per share, is expected to be paid to shareholders. The trading of CSR shares on the ASX is set to be suspended, and the company will provide updates on any changes to the indicative timetable. Shareholders are advised to refer to the Scheme Booklet for further information and to contact the Shareholder Information Line for any queries.