Australia's Boral backs Seven Group's amended takeover offer
12/04/2024 01:43
April 12 (Reuters) - Australia's Boral BLD.AX
recommended its shareholders on Friday to accept a takeover
offer from its largest shareholder Seven Group Holdings
SVW.AX , after negotiating an increase in the cash component of
the deal.
The deal consideration now comprises 0.1116 Seven Group
shares and maximum A$1.70 per share in cash, higher than the
earlier offer which had a cash component of A$1.50 apiece.
(Reporting by Himanshi Akhand in Bengaluru; Editing by
Subhranshu Sahu)
((Himanshi.Akhand@thomsonreuters.com;))
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