Street Talk

Suitors construct case for $3.2b Fletcher Building

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 2, 2026 – 6.27pm

Fletcher Building is inching higher on deal making watchlists after a brutal year during which the New Zealand and ASX-listed building materials business shed its construction division and revamped its board.

Peter Crowley took over as the chairman of Fletcher Building a year ago, after it had run through an emergency cash call. Rob Homer

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.