Australia's Seven Group makes offer to take full control of Boral

Boral

18/02/2024 21:29

Feb 19 (Reuters) - Australian diversified investor Seven
Group Holdings  SVW.AX  has made an offer to take full control
of building materials maker Boral  BLD.AX  in which it already
owns a 71.6% stake. 
    Under the offer, Seven Group will offer a minimum of A$6.05
per share in cash and scrip to Boral shareholders, valuing the
building materials maker at A$6.67 billion ($4.35 billion).

($1 = 1.5321 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru; Editing by Lisa
Shumaker)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))