Back

1 April 2011   |   Announcements

Fletcher Building to Compulsorily Acquire Remaining Shares of Crane Group

Fletcher Building Limited (“Fletcher Building”) today announced it will proceed with compulsory acquisition of the shares in Crane Group Limited (“Crane”) which it does not own.

Fletcher Building's offer for Crane closed yesterday with strong acceptances and its current relevant interest in Crane shares is 95.48 per cent. Accordingly, Fletcher Building will now exercise its right to acquire all the remaining Crane shares under the compulsory acquisition provisions of the Corporations Act 2001 (Cth).

Attached to this announcement is a copy of a letter from Fletcher Building which is being sent to the remaining Crane shareholders, along with the required Form 6201 - Notice of compulsory acquisition following takeover bid.

Shareholders requiring additional assistance should call the Offer Information Line on 1300 042 036 (toll free for calls made within Australia), 0800 505 529 (free call for calls made within New Zealand) or +61 3 9938 4357 (for calls made outside Australia or New Zealand).

END

For further information contact:

Philip King
General Manager
Investor & Media Relations
Ph: +64 9 525 9043
Mob: +64 27 444 0203

Mark Rudder
Cosway Australia
Mob: + 61 411 362 362