CSR Limited (AU:CSR) has released an update.
CSR Limited has recommended shareholders to vote for the proposed acquisition by Saint-Gobain at $9.00 per share, which is within the top third of the independent valuation range. The Independent Expert has deemed the offer fair and reasonable, and the Scheme Booklet with complete details has been registered with ASIC and will be distributed to shareholders. Directors of CSR intend to vote in favor of the acquisition, conditional upon no superior proposal emerging.
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