Ferguson PLC (FERG) has provided an announcement.
Ferguson plc is advancing towards finalizing a strategic merger, structured to integrate Ferguson Enterprises Inc. and Ferguson (Jersey) 2 Limited into its operations as wholly owned subsidiaries, aiming to enhance the company’s market positioning. This corporate move has progressed with the necessary regulatory filings, including a registration statement and prospectus with the SEC, and the arrangement awaits shareholder approval at an upcoming special meeting. The successful merger, anticipated by August 1, 2024, is set to coincide with a proposed listing of the new entity’s common stock on the London Stock Exchange, subject to meeting all preconditions and securing the requisite shareholder vote.
Find detailed analytics on FERG stock on TipRanks’ Stock Analysis page.
