Saint-Gobain, an offeror of design, manufacturing, and distributing building materials internationally, offered to acquire CSR, a manufacturer of building products for home buildings, renovations and commercial construction, for AUD4.5bn. Saint-Gobain believes that the combination is an attractive opportunity for both companies leveraging our long-term partnership with similar business models, cultural fit and development opportunities. This acquisition would be fully aligned with Saint-Gobain’s strategy as a worldwide leader in light and sustainable construction and an opportunity to enter the Australian market.