Business
It won’t be long before Kerry Stokes controls Boral. Arguably he already does – Sydney Morning Herald
Kerry Stokes’ stealth takeover of building and construction materials giant Boral is going perfectly to script.
In each instance, Stokes has used creep provisions to avoid the need for an expensive takeover bid.
He has also been masterful at engineering the ownership structure of the companies in which he has investments – which in some instances has left minority shareholders unhappy.
The only wrinkle in Stokes ambitions for Boral is the existence of a number of large activist shareholders. To date they all appear to have been on the same page with Stokes about what is needed to revive Borals fortunes….
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