Overview

• The merger will consolidate all outstanding shares of Washington H. Soul Pattinson and Brickworks into a single company valued at A$14 billion.
• Combined shareholders will trade under a new Sydney listing that brings together Soul Patts’ real estate, private equity and credit holdings.
• Brickworks investors will receive A$30.28 per share, reflecting a 10.1 percent premium over last week’s closing price.
• Soul Patts CEO Todd Barlow said the deal will add scale and transparency while dismantling the cross-ownership structure designed to discourage takeovers.
• Shares of Soul Patts and Brickworks rose 13.8 percent and 22.3 percent respectively in early trading following the merger announcement.