Final Days on ASX: CSR Ltd’s Impending Delisting
A quick look at the inevitable cessation of CSR Ltd from the ASX reveals a major shift. Investors and market spectators are advised to note the following details:
Company Name: CSR Ltd is set for delisting post-acquisition.
Context: After a period of acquisition talks, shares will see their final trading day next week.
- Shareholder Approval: An overwhelming 98.55% of votes in favour of the acquisition deal by Saint-Gobain.
- Last Trading Day: CSR shares’ final appearance on the ASX is scheduled for Wednesday, 19 June.
- Financial Considerations: Shareholders are to receive a 12 cents per share fully franked dividend, followed by $8.88 per share in cash from the acquisition.
Insights/Analysis: The acquisition marks a pivotal milestone in CSR’s history, bringing an end to its long-standing presence on the Australian stock market. Shareholders can expect tangible returns from the buy-out, with total compensation in dividends and cash per share amounting to $9.00.
Concluding Thought: While it is the end of an era for CSR Ltd on the ASX, its absorption into Saint-Gobain’s operations may embark the company on a new trajectory of construction and manufacturing endeavors.