Brickworks slams Perpetual proposal

Group says proposal to unwind cross-ownership has 'inaccurate' information.

Brickworks Ltd has recommended shareholders vote against a $2.2 billion proposal to unwind its cross-ownership structure with Washington H. Soul Pattinson and Company Ltd.

In a statement to the Australian Securities Exchange, Brickworks said the proposal from Perpetual Investment Management and M.H. Carnegie & Co has significant potential tax liability.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles