Soul Patts shares rise after implementation of Brickworks share scheme
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The news: Soul Patts was among the top performers on the ASX 200 after its share scheme with construction materials supplier Brickworks was implemented today, as part of the two companies' $14 billion merger.
The numbers: Soul Patts, trading under the new ASX ticker SOLDA, was up 2.9% to $41.22 at 1pm AEST.
The context: The merged company is currently trading on a deferred settlement basis, and will trade on a normal settlement basis from Wednesday.
The source: ASX
