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All media releases posted by Fletcher Building since its inception in 2001 are posted here.

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News Items of: 2011

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February    

New tax crediting policy for Fletcher Building dividends

9th February 2011
Auckland, 9 February 2011 – Fletcher Building Limited (Fletcher Building) announces that it has changed its approach to allocating New Zealand imputation credits and Australian franking credits to its dividends. The new approach will apply with effect from the 2011 interim dividend to be announced on 16 February 2011. Read more 		   Download full article (78.36 KB)
 
 
January    

Fletcher Building’s Revised Offer Unanimously Recommended by Crane Directors

31st January 2011
• Crane’s Directors are unanimously recommending that Crane Shareholders accept Fletcher Building’s Revised Offer1
• Revised Offer is one Fletcher Building share and A$3.50 cash for each Crane share
• Crane to pay A$0.50 per share as a fully franked special dividend
• The total implied value to be received by Crane shareholders including the special dividend is A$10.072 per Crane share

Auckland, 31 January 2011: Following the release of the interim result for Crane Group Limited (“Crane”) and the opportunity to have discussions with Crane, Fletcher Building Limited (“Fletcher Building”) announces revised consideration for its off-market takeover offer for all the ordinary shares in Crane that the Fletcher Building Group does not already own (“Revised Offer”). Fletcher Building currently has a relevant interest in approximately 15.0% of Crane’s ordinary shares. Read more 		   Download full article (1.99 MB)
   
 
   

Rollover of March 2011 Capital Notes

28th January 2011
Auckland, Friday, 28 January, 2011 – Fletcher Building Limited advises that noteholders of the March 2011 Capital Notes (FBU190) have been sent an election notice outlining the new terms that will apply from 15 March 2011. Read more 		   Download full article (20.95 KB)
   
 
   

Fletcher Building completes despatch of Bidder’s Statement to Crane shareholders

14th January 2011
Auckland, 14 January 2011: Fletcher Building Limited (“Fletcher Building”) today confirmed that is has completed sending to Crane Group Limited (“Crane”) shareholders the Bidder’s Statement and Offer in relation to its off-market takeover bid for all the ordinary shares in Crane that it does not already own. The Offer is dated 12 January 2011. Read more 		   Download full article (124.47 KB)
   
 
   

Fletcher Building despatches Bidders Statement to Crane shareholders

12th January 2011
• Combination to strengthen competitive position of both companies
• Intention to operate Crane as a separate division will lead to stronger returns

Auckland, 12 January 2011: Fletcher Building Limited (“Fletcher Building”) today commenced the despatch of its Bidder’s Statement to Crane Group Limited (“Crane”) shareholders, signalling the opening of the Offer under which Crane shareholders are entitled to receive $3.47 cash and one Fletcher Building share for each Crane share held. Fletcher Building currently owns 14.9% of Crane’s ordinary shares. Read more 		   Download full article (70.6 KB)
   
 
   

Fletcher Building finalises Bidder's Statement in relation to an Offer to Crane shareholders

10th January 2011
• The Offer opens Wednesday 12 January 2011 and is scheduled to close on Friday 25 February 2011
• The Offer has been revised to A$3.47 in cash and one Fletcher Building share for each Crane share equating to a value of $9.351

Auckland, Monday, 10 January 2011: Fletcher Building Limited (“Fletcher Building”) today released a replacement Bidder’s Statement to Crane Group Limited (“Crane”) shareholders. The replacement Bidder’s Statement updates the original Bidder’s Statement with the timetable for the Offer, a small change to the cash component of the consideration and a number of other updates, changes and clarifications following discussions with both ASIC and Crane. Read more 		   Download full article (28.02 KB)
 
 
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