Australia's Soul Patts to takeover building products affiliate Brickworks in $9 billion merger

Bricks-and-mortar ASX plays dwindle after Soul Patts’ Brickworks deal

Investors wanting to bet on a surge in Australian home building are short of options, with five major building materials groups leaving the ASX boards.

Australia's Soul Patts to takeover building products affiliate Brickworks in $9 billion merger

Soul Pattinson will buy out its building products affiliate Brickworks in a deal valuing the latter at A$4.62 billion ($3 billion).

Fund manager’s $9 bln builder merger is a buyout

Australia's Soul Patts may seem to be committing the sin of constructing a conglomerate by combining with materials firm Brickworks. But the deal is a smart way to unwind decades-old cross-shareholdings while boosting its private equity and real estate investments.

3 great lessons I learned being an owner of Brickworks shares

Brickworks Ltd (ASX: BKW) shares have been a great investment over the decades. But, they seem on track to disappear from the ASX boards following the announcement of a merger between Brickworks and Washington H. Soul Pattinson and Co. Ltd (ASX: SOL). I think the deal makes sense for both sides and should increase their underlying value and ability to generate cash flow. The market seems to like it, with the share prices of both businesses jumpi…