CSR shares surge as company ponders A$4.3b French bid
The CSR board is telling shareholders to take no action, but the offer is at almost double the shareprice of a year ago
The CSR offer is the latest in a flurry of activity in the building materials sector.
Shares in ASX-listed building products group CSR have surged around 20% in the last two days as the company has fielded a A$4.3 billion ($4.63b) takeover offer from French company Saint-Gobain.
CSR shares went into a trading halt and then started rising yesterday as speculation mounted, with
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