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(Reuters) -Australian building materials firm CSR Ltd said on Thursday it has received a A$4.30 billion ($2.81 billion) non-binding takeover proposal from French construction materials group Saint-Gobain.
The offer price of A$9.0 per share is at a premium of 13.2% to CSR's last close of A$7.95. On Wednesday, CSR shares soared up to 17.4% before trading was paused following media report of the takeover offer.
"CSR is currently providing Saint-Gobain with confirmatory due diligence access to pro...
>>> Read more: Australia's CSR gets $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 of A$7.95. On Wednesday, CSR shares soared up to 17.4% before trading was paused following media report of the takeover offer.
"CSR is currently providing Saint-Gobain with confirmatory due diligence access to pro...
>>> Read more: Australia's CSR gets $2.8 billion takeover offer from Saint-Gobain
