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Brickworks' Australian merger litigation is abandoned, amid spiraling costs

By James Panichi and Saloni Sinha ( April 3, 2025, 04:39 GMT | Insight) -- An unusual antitrust case involving Australian building-materials giant Brickworks has come to an end, with the company today announcing that it had reached a “settlement” with its rival BGC Australia — albeit one that didn’t involve any payment from either side. The statement said the marathon Federal Court of Australia litigation involving allegations linked to BGC’s 2020 acquisition of Boral Midland had wrapped up. Brickworks’ recent communication with shareholders had pointed to the mounting cost of the legal action.An unusual antitrust case involving Australian building-materials giant Brickworks has come to an end, with the company today announcing that it had reached a “settlement” with its rival BGC Australia — albeit one that didn’t involve any payment from either side....

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