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(Reuters) -Australian building materials firm CSR Ltd has backed an A$4.30 billion ($2.81 billion) non-binding takeover proposal from French construction materials group Saint-Gobain , granting it access to its books to make a final offer.
The offer price of A$9.0 per share is at a premium of 13.2% to CSR's last close. On Wednesday, CSR shares soared 17.4% before trading was paused following media report of the takeover offer.
"CSR is currently providing Saint-Gobain with confirmatory due dili...
>>> Read more: Australia's CSR backs $2.8 billion takeover offer from Saint-Gobain
The offer price of A$9.0 per share is at a premium of 13.2% to CSR's last close. On Wednesday, CSR shares soared 17.4% before trading was paused following media report of the takeover offer.
"CSR is currently providing Saint-Gobain with confirmatory due dili...
>>> Read more: Australia's CSR backs $2.8 billion takeover offer from Saint-Gobain
