Connect with us

Business

Seven Group makes opportunistic $8b bid for Boral – The Australian Financial Review

Kerry Stokes’ Seven Group Holdings has made a bold bid to move up Boral Ltd’s share register.

Published

on

Article feature image

Seven Group pitched the bid as an 18 per cent premium to where Boral shares were trading at the end of March and a 22 per cent premium to the six month VWAP.
Barrenjoey Capital Partners and Allens are advising Seven Group on the nil premium bid. Barlcays is helping with funding.
Seven Groups offer comes only one month after the group exhausted its creep provisions and moved to 23 per cent of Borals shares on issue.
Seven Group said its CEO Ryan Stokes would step back from his duties on Borals board…

Click here to view the original article.

Continue Reading
Advertisement

Trending

You might also like ...

2 buy-rated ASX dividend shares with 5%+ yields
5 things to watch on the ASX 200 on Wednesday