Brief: Boral Has Been Able To Negotiate Package Of Measures With Seven Group Holdings

Boral

12/04/2024 02:30

April 12 (Reuters) - Boral Ltd  BLD.AX :
    * HAS BEEN ABLE TO NEGOTIATE PACKAGE OF MEASURES WITH SEVEN
GROUP
HOLDINGS TO ENHANCE VALUE RECEIVED BY CO'S SHAREHOLDERS WHO
ACCEPT SGH OFFER
    * SEVEN GROUP HOLDINGS WILL WAIVE CONDITIONS ON INCREASE OF
CASH
COMPONENT OF SGH OFFER CONSIDERATION TO A$1.70 PER SHARE
    * BORAL WILL HAVE OPTION TO UNDERTAKE ON-MARKET BUY-BACK
    * BUY-BACK WOULD ALSO BE SUBJECT TO A  MAXIMUM TOTAL SIZE OF
UP TO
A$350 MILLION AND CEASE TO OPERATE AFTER 10 MAY 2024


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