New Seven bid too low, Boral tells investors

Original article by Perry Williams
The Australian – Page: 15 : 2-Jul-21

Seven Group Holdings has increased its takeover bid for Boral to $7.30 per share after lifting its stake in the building materials group to the previously flagged threshold of 29.5 per cent. Seven had initially offered $6.50 per share, and its offer will rise to $7.40 if it gains 34.5 per cent of Boral by 7 July. Boral has described the revised offer as ‘ opportunistic’ and notes that an independent expert’s report has valued its shares at between $8.25 and $9.13.

CORPORATES
SEVEN GROUP HOLDINGS LIMITED – ASX SVW, BORAL LIMITED – ASX BLD

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