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Washington Soul Patts (SOL) and Brickworks (BKW) Merger

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Question asked 09/08/2025

Washington Soul Patts (SOL) and Brickworks (BKW) Merger

Dear James and Team As you are aware the timetable for this merger has been released with an implementation date of 23 September The combined entity will be quite large , in excess of $20 bn and should qualify for inclusion in the ASX 50 which should attract further buying interest from Fund Managers and ETF's If you agree with this scenario , what is the best way to play this - to buy SOL or BKW , or doesn't it matter ? General Advice only Many thanks

Answer

Hi David,

Both stocks have already rallied strongly in anticipation of index funds being forced to increase their exposure to the merged entity, which was originally estimated to be worth $14-15bn, not the likely $20bn today.

Hence while we can see a little more upside we feel the horse bolted back in June on the day of the announcement. Any funds wanting to buy have been afforded plenty of time to start/finish accumulating.

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Washington Soul Patts (SOL) v Brickworks (BKW)

LAST UPDATED 08/08/2025 15:19

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