Sunday, 14 April 2024

Business News

Boral Limited Stands Firm Against SGH Takeover Bid – TipRanks Financial Blog

Boral Limited (AU:BLD) has released an update.

Boral Limited has issued its first supplementary target’s statement in response to the off-market takeover bid by Seven Group Holdings’ subsidiary, maintaining that the offer is neither fair nor reasonable according to the Grant Samuel Independent Expert’s Report. The report also includes a minor revision to Boral’s valuation due to potential additional costs for quarry replacement, but no other alterations were made despite SGH’s arguments for negative adjustments. The details of the quarry replacement cost remain preliminary, with the final impact estimated at around 8 cents per Boral share.

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