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Boral Reaffirms Stance on SGH Takeover Bid – TipRanks Financial Blog

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Seven Group Holdings Limited (AU:SVW) has released an update.

Boral Limited has issued a first supplementary target’s statement in response to Seven Group Holdings Limited’s (SGH) off-market takeover bid, advising shareholders to read it along with the original target’s statement. An independent expert, Grant Samuel, maintains that SGH’s offer remains ‘not fair and not reasonable,’ despite minor revisions to Boral’s valuation relating to potential costs for quarry replacement. Boral has not yet conducted a detailed analysis of these potential costs, which are currently estimated to affect Boral’s share value by approximately 8 cents.

For further insights into AU:SVW stock, check out TipRanks’ Stock Analysis page.

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