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Boral Issues Sixth Supplementary Target's Statement

15 Jul 2021  |  18:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Boral Sixth Supplementary Target's Statement

Boral issued sixth supplementary target's statement (Sixth Supplementary Target's Statement) in response to the off-market takeover bid made by Network Investment Holdings Pty, a wholly owned subsidiary of Seven Group Holdings, for all the ordinary shares in the company. The company advised that 15 July 2021, Seven Group Holdings (SGH) announced the Offer Period had been extended and is scheduled to close on 29 July 2021, which will have been as a result of SGH attaining voting power in Boral of more than 50%. The company's Independent Board Committee continues to believe that the SGH Offer of $7.40 per share of the company undervalues company's shares and maintains its unanimous recommendation that the company's shareholders REJECT the SGH Offer.

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