Previous close | 4.0700 |
Open | 4.0700 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 4.0700 - 4.0700 |
52-week range | 2.6000 - 4.0700 |
Volume | |
Avg. volume | 8 |
Market cap | 4.49B |
Beta (5Y monthly) | 1.33 |
PE ratio (TTM) | 33.92 |
EPS (TTM) | 0.1200 |
Earnings date | 09 Feb 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 17 Apr 2024 |
1y target est | N/A |
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 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.
Key Insights Boral's significant public companies ownership suggests that the key decisions are influenced by...