Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Seven Group Holdings Announces Off-Market Takeover Offer for Boral

10 May 2021  |  19:24:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Seven Group Holdings off-market takeover offer for Boral Ltd

Seven Group Holdings announced a $6.50 cash per share off-market takeover offer ("Offer") for all of the ordinary shares it does not own in Boral. The Offer will be made by Network Investment Holdings Pty, a wholly owned subsidiary of the company. The company currently had an interest in 23.18% of Boral. Given that its interest exceeded 20% and that it had recently utilised its "creep" capacity by acquiring an additional 3% interest, the company was currently restricted from acquiring further Boral shares on market at this time. As a result, the company was making a takeover offer to all shareholders. The Offer closes on 25th June 2021, unless extended.

Please click here for full details

See more ASX300 News Announcements