Stocks Surge After Merger of Soul Patts and Brickworks Ends Long Partnership
Stocks of Australiaโs Soul Patts and Brickworks surged following news of their merger, which ends a 56-year cross-ownership relationship. The newly formed company, listing in Sydney, intends to acquire all outstanding shares of both entities. This merger is projected to create a powerful entity worth around A$14 billion ($9 billion). Investors should consider the implications of this merger, as it could lead to increased market competitiveness and growth opportunities.