annb0t
Top 20
(Reuters) - Australian diversified investor Seven Group Holdings made an offer on Monday to take full control of Boral, valuing the remaining about 28% stake it does not already own in the building materials maker at A$1.9 billion ($1.24 billion).
Seven Group (SGH) currently owns a 71.6% stake in Boral. Under the offer, Seven Group will offer a minimum of A$6.05 per share in cash and scrip to Boral shareholders, valuing the company at A$6.67 billion ($4.35 billion).
The minimum offer represent...
>>> Read more: Australia's Seven Group offers $1.2 billion for full control of Boral
Seven Group (SGH) currently owns a 71.6% stake in Boral. Under the offer, Seven Group will offer a minimum of A$6.05 per share in cash and scrip to Boral shareholders, valuing the company at A$6.67 billion ($4.35 billion).
The minimum offer represent...
>>> Read more: Australia's Seven Group offers $1.2 billion for full control of Boral
