Saint-Gobain makes US$2.9-B offer for Australia's CSR

By Agence France-Presse

Feb 28, 2024 12:20 am

PARIS: French building products manufacturer Saint-Gobain said on Monday that it had entered a binding agreement with Australia's CSR to buy the firm for the equivalent of US$2.9 billion.

The cash offer of A$9.00 per share represents a 7.4 percent premium to Monday's closing price and a 33 percent gain to last Tuesday before speculation began about a sale, and values the company at approximately A$4.3 billion.

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