Merger Approval Votes and Court Dates Locked In for Soul Patts-Brickworks Deal
Washington H. Soul Pattinson and Brickworks Limited have scheduled key shareholder meetings and court hearings to advance their proposed merger, aiming to create a newly capitalised ASX-listed entity.
- Shareholder meetings for merger approval set for 10 September 2025
- Second Court Hearings scheduled for 12 September 2025 in Sydney
- Merger involves two interconditional schemes of arrangement
- Opposition requires formal notice and affidavit filings before hearings
- Merger combines diversified investment and building products portfolios
Merger Progress Update
Washington H. Soul Pattinson and Company Limited (Soul Patts) and Brickworks Limited have provided a significant update on the procedural steps toward their proposed merger. Following their initial announcement in June 2025, both companies have now set definitive dates for shareholder meetings and subsequent court hearings that will determine the fate of their combination.
The merger is structured through two separate but interdependent schemes of arrangement – one involving Soul Patts and its shareholders, and the other involving Brickworks and its shareholders. These schemes are designed to create a newly capitalised ASX-listed company that merges Soul Patts’ diversified investment portfolio with Brickworks’ established building products and industrial property assets.
Key Dates and Legal Process
Shareholders of both companies will convene on 10 September 2025 at The Fullerton Hotel in Sydney to vote on the respective schemes. Approval by the required majorities at these meetings is a critical prerequisite for the merger to proceed.
Following shareholder approval, the Supreme Court of New South Wales will hold the Second Court Hearings on 12 September 2025. These hearings will consider the formal approval of the schemes. Shareholders or other parties wishing to oppose the merger must file a notice of appearance and supporting affidavit at least one day prior to the hearings, underscoring the legal rigor involved in this process.
Strategic Implications
The merger represents a strategic alignment of two long-standing Australian companies with complementary strengths. Soul Patts, with its roots dating back to 1903, has evolved into a diversified investment house with exposure across listed equities, private markets, credit, and property. Brickworks, meanwhile, is a leader in building products and industrial property, with a century-long heritage and a footprint extending into North America.
Combining these entities could create a more resilient and diversified ASX-listed company, potentially delivering enhanced capital growth and dividend stability to shareholders. The merger also reflects broader trends in the Australian market where consolidation aims to unlock synergies and scale advantages.
Next Steps for Investors
Investors should closely monitor the outcomes of the shareholder meetings and court hearings in September. The process remains subject to regulatory and shareholder approval, and any opposition could influence timing or terms. Both companies have provided dedicated shareholder information lines and resources to assist investors in understanding the merger details.
As the merger progresses, market participants will be watching for any shifts in strategy, capital structure, or dividend policy that the new combined entity might adopt. The coming weeks will be pivotal in shaping the future of these two iconic Australian companies.
Bottom Line?
September’s shareholder votes and court rulings will be decisive in shaping the future of this landmark merger.
Questions in the middle?
- Will shareholder opposition emerge ahead of the court hearings?
- How will the merged entity balance the diverse asset classes and operations?
- What impact will the merger have on dividend policies and capital allocation?