Fletcher Building has removed its 90% minimum acceptance for its takeover of Australia's Crane Group, making its offer unconditional.
Fletcher Building is offering a mixture of cash and stock for the Australian building and plumbing supplies company, valuing the firm at almost $AUS800 million.
It now has acceptances giving it 57% of Crane.
Fletcher Building says it intends to appoint two new directors to Crane's board immediately and will appoint a third once payment has been made to Crane shareholders.
The offer closes on 25 March.
