Business
Stokes’ stalking and capturing of Boral a clear case of legal theft – Sydney Morning Herald
Among myriad deals done by Kerry Stokes and more recently alongside his son Ryan, the takeover of Boral stands above the rest….
But it achieved this outcome by spending shareholders money to buy back stock at high prices – effectively mounting its own bidding duel with Seven.
It was a battle it was never going to be able to win. It was outmanoeuvred by Stokes and his advisers, Barrenjoey.
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