Brief: Boral Says Shareholders Asked To Reject Seven Group Offer

Boral

18/03/2024 21:43

March 19 (Reuters) - Boral Ltd  BLD.AX :
    * BORAL'S BRC RECOMMENDS REJECTING SGH OFFER
    * BRC RECOMMENDS SHAREHOLDERS REJECT SGH OFFER BY TAKING NO
ACTION
    * EACH BORAL DIRECTOR ON BRC INTENDS TO REJECT SGH OFFER IN
RELATION TO THEIR BORAL SHARES
    * INDEPENDENT EXPERT CONCLUDED SGH OFFER IS NOT FAIR AND NOT
REASONABLE
    * INDEPENDENT EXPERT HAS ASSESSED FAIR VALUE FOR BORAL IN
RANGE OF
A$6.50 -A$7.13 PER SHARE
    * BORAL'S REVISED SURPLUS PROPERTY VALUE ASSESSED TO BE
A$1.26 -
A$1.44 PER SHARE
    * SHAREHOLDERS ASKED TO REJECT SGH OFFER AS IT DOES NOT
REPRESENT
APPROPRIATE VALUE FOR MINORITY SHAREHOLDERS


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