Business
Seven Group makes opportunistic $8b bid for Boral – The Australian Financial Review
Kerry Stokes’ Seven Group Holdings has made a bold bid to move up Boral Ltd’s share register.
Seven Group pitched the bid as an 18 per cent premium to where Boral shares were trading at the end of March and a 22 per cent premium to the six month VWAP.
Barrenjoey Capital Partners and Allens are advising Seven Group on the nil premium bid. Barlcays is helping with funding.
Seven Groups offer comes only one month after the group exhausted its creep provisions and moved to 23 per cent of Borals shares on issue.
Seven Group said its CEO Ryan Stokes would step back from his duties on Borals board…
-
Noosa News18 hours agoCool but settled spring weekend weather ahead for Queensland
-
Noosa News19 hours agoIt’s Show Day | Noosa Today
-
Noosa News19 hours agoWin double passes to Heart of Gold!
-
General19 hours ago‘Clone’ websites catch out Australian customers as online shopping scams become ‘alarmingly’ common