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Boral Limited (BLD.AX)

ASX - ASX Delayed price. Currency in AUD

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5.83

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(0.00%)

At close: 04:10PM AEST

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Reuters
Australia's Boral backs Seven Group's improved $980 million offer
Seven Group, controlled by billionaire Kerry Stokes and his family, has lifted its stake in the building products maker to 78.8% from 71.6% since first making an attempt in February to acquire full control of the company. The deal on offer now comprises 0.1116 Seven Group shares and A$1.70 per share in cash and dividends for the stake it does not own in Boral. That is higher than the earlier offer with a cash component of A$1.50 a share that was to increase if the bid met certain requirements.
Reuters
Australia's Boral urges shareholders to reject Seven Group's $1.3 billion offer
(Reuters) -Australia's Boral on Tuesday recommended investors reject its largest shareholder Seven Group Holdings' A$1.9 billion ($1.25 billion) offer for the company claiming it undervalues the building products group. Seven Group, controlled by billionaire Kerry Stokes and his family, already owns nearly 72% of Boral and had launched a bid last month to acquire full control of Boral. The proposal of a minimum of A$6.05 per Boral share consists of 0.1116 Seven Group shares and A$1.50 cash.
Simply Wall St.
Boral Limited's (ASX:BLD) largest shareholders are public companies with 64% ownership, individual investors own 18%
Key Insights Boral's significant public companies ownership suggests that the key decisions are influenced by...